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By Chris Hedges 

7 Torfc 7imn Service 

. CAIRO — More than 200 people were 
■. Wednesday after streams of blazing 

fid raced through the streets of a village 
. overturning of huge storage 

{Punts ip heavy rains -and severe flash flood- 
m&^KMrding to senior security officials. 
.•^3lK-mud-waIled village of Drunka, 325 
Jdfemeters (200 miles) south of Cairo, site 
of an uh fary fuel complex containing eight 
'tffid^hokhng 15,000 tons of motor and 
akoSdtfud, was the cento- of the disaster 
. torrential winds and flash flooding 
apparently- collapsed a bridge over the 
coippkx- The structure overturned some 
-Of _the,. tanks as it fell, triggering an explo- 
^oh?hd sending rivers erf burning fuel into 
tb&towh.;.-' 

•: Floodwaters spread the flames rapidly 
through the streets, razing more than 200 
houses and. leaving scores of families 
homdess, security officials said. 
-Thpusandsof people sought refuge in 
the swthezn piovinoal capital of Asyut, 
otfciak’teached by phone said. And 12 
bqnrsafterthe disaster, officials said they 
wrest® trying to put but the fires. 

Egyptian television showed stunned res- 
i^wffit’Of Uthe town of 18,000 walking 
through, knee-deep puddles as clouds of 
bfafefc: smoke obscured the damaged 


By Alan Friedman 

Inienunwna i Herald Tribune 

PARIS — For more than a generation, 

the legitimacy of governments in the 
Middle East was shaped in large part by 
the geopolitics of the Arab-Israeli con- 
flict. 

Now, after the epochal business sum- 
mit meeting just concluded in Casablan- 
ca, a different policy imperative has be- 
gun to reassert itself among governments 
in the Middle East and North Africa: 
making money. 

The meeting, to be sure, was bound to 
be more upbeat and symbolic than sub- 
stantive, following as it did the peace 
accords between Israel and the Palestine 


Liberation Organization, and Israel and 
Jordan. 

Yet, as John Page, the World Bank's 
chief economist for the Middle East and 
North Africa region, put it “the event 

NEWS ANALYSIS 

itself was the substance by virtue of get- 
ting together businessmen /rom more 
than 1,000 companies and officials from 
more than 60 countries, and by virtue of 
the ease with which they were talking to 
each other.” 

Beyond this kind of morale-boosting 
rhetoric, however, lies a politico-eco- 
nomic reality that offers both peril and 


promise to those who want to see stabil- 
ity in this troubled region. 

Put simply, between now and the year 
2000. many billions of dollars in aid' are 
likely to flow to Lhe region from the 
European Union, the United States and 
multilateral institutions. The motives for 
the aid vary, ranging from the European 
desire to stanch immigration and the 
spread of Islamic fundamentalism by 
fostering more prosperity, to the U.S. 
goal of making economic growth so at- 
tractive that it reduces the likelihood of 
military conflict between Israel and its 
foes. 

But aid alone is not the answer. If the 
economic side of the peace process is to 
See MONEY, Page 4 


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It wflSvOne of the worst natural disasters 
in Egypt since an earthquake killed more 
than4Q0 people in 1992. 
ito lise official death toll has risen because 
after the fires were controlled we were able 
. to go into homes and recover the bodies,*' 
the govemOT of Asyut Province, Sanrih 
. Steak toM Egyptian television, 
v \V He said lhat'147 people had died ia the 
,-;Jploskm that took place after the collapse, 
-tx the.main. bridge la the complex at 6:30 
AJM. Officials said it, was still too early to 
. detenniriethetotal deathtolL r • 

m Asmt^ssud marc . 
f than 4 1 0 people had been kiBca in the fire 
and Hoofing. And one hddth. official said 
inore£ha& 229 corpses from Drunka were, 
taken to Asyut ho^itata and anofiez .122 
corpses were still in the town. , : ~ ■' 

The flash flooding kilted anotfrcf^S peo-. 
pie in southern Egypt, according to securi- 
ty officials. - . i 
Mohammed - Abdel-Mohsen Saleh, a 
member of Partiainent from the area, criti- 
cized the government f or placing the fuel 
storage area dose to a residential area! 

The tanks are' operated by a subsidiary 
of the stato-nm' Egyptian General Petro- 
leum Coip. Cfirpany officials in Cairo 
refused to comment on the disaster, but 
said they wKe investigating it 



All JanAri/Rfucca 

AN OBJECTION — Jordanian opposition leaders at the Islamic Action Front office in Amman, where they vowed 
Wednesday to oppose the treaty with Israel peacefully. From left: All Ammr, Issa Moudanat, Mohammed Anida. 


Case of the Fake Fax Sets Stiff Upper Lips Atremble 


By Fred Barbash 

Washington Poet Service 

LONDON — “The Case of the Cod Fax” is what 
they’re calling it, and Parliament was consumed with it 
onV/ednesday. 

Indeed, the Conservative Party members of the House 
of Commons are thrilled with it, because h has succeeded 

in pu tting the British press on trial along with them, if not 

instead of them. 

The plot: a fax sent by The Guardian on the letterhead 
of iheJHooseof Commons in order to obtain information 
without exposing a source. , - , 

f The tnmskttibn: “Cod* is British slang for fake. 

-Tbe characters are a minister in the Conservative 


government of John Major; Mr. Major himself; Betty 
Boothroyd. speaker of the House of Commons and star 
of C-Span; Peter Preston, editor of The Guardian, and 
the owner of Hairods, Mohamed a] Fayed. 

A brief synopsis: In January, The Guardian started an 
investigation into payments and freebies to MPs from 
individuals with an interest in parliamentary business. 
The paper’s investigation, and another by The Times of 
London, opened up a rich vein of what headline writers 
and opposition Labor Party politicians alike are calling 
“sleaze.” 

So far, two ministers in Mr. Major’s government have 
resigned following allegations they did favors in ex- 
change for favors; another two are under investigation 


for same, and a third, Jonathan Ailken. is struggling for 
bis political life. 

The Guardian accused Mr. Aitken, chief secretary of 
the Treasury, of vacationing at the Ritz Hold in Paris, 
courtesy (rf a Saudi Arabian businessman. Said Moham- 
med Ayas. Mr. Aitken has denied the charge, saying be 
paid his bill in full. 

Among the paper's exhibits, which convinced it to run 
its story, was a copy of Mr. Aitken's bfll at the hotel. The 
question arose: now did the paper obtain the bill? 

It turned out that it obtained the bill from the owner of 
the Ritz, Mohamed al Fayed, the same man who owns 
Hairods; the same man who two weeks ago went public 

See SLEAZE, Page 4 


Texas Good 01’ Girl Politics 


Whiny and Ungrateful Husband 


. By Maureen Dowd 

~ JVrw Yor* Tima Service 

• DALLAS — On this Sunday afternoon, 
the Cowboys, are playing Cincinnati, and 
therete hamly a. man in sight So Ann 
Richards gets down to some serious gin 
talk," : 

At a Itindi with a couple of hundred 
Mack wfflneu, the governor spots a fneno 
.. who is .wearing a ' bandag e over a torn 
Eganient and red Hgh-hqeB. . 

‘The trfdcr you get, the kss you have to 
• . pretend* die drswfts, urging the wommi to 
get rid of ihose “silly" shoes. “You think 
Those hig^ heds are going to make a 

Ws still going to mess around, Hd- 

1 1. ; r Newsstand Prices 

. Andorra ..^;00 FF Luxembourg 60L.Fr 
AnfiUes.i..>1 J20 FF Morocco^---12 Dn 
V»- Cameroon J^dOOCFA Qatar-..-8.M Rigs 
;U Egypt . ."Lit P.5000 Rdumon ....nfOFr 
; ; . France. .^.9110 FF Saudi Arobw . . P.OO iL 
: ■ Qohon.;. -.96DCFA Senegal ---960 C FA 
- -Greece^. Spain ~....2pOPTA5 

, itwyeoasrJiiaa^FA Turitey ..t.l.35,oot 

• Joram ' 1 itl U JLE. .....8J0 Dirti 

^ kliS; Ml L.(EurJ 51.10 


The crowd goes nuts, screaming and 
whistling and whooping. 

There are moments when Ms. Richards 
looks tense, and when her tone seems more 
valedictory than voracious. But there are 
other moments when watching the 61- 
year-old Democratic governor is like 
watching a vintage sports car. In thebome- 
stretch, she has been working her base of 
blacks and Hispanic people and women 

her smart pink suit and Lone Star 
brooch at the gathering of Dallas “good ol 
girls," as she putsit,sberevsup her m&ne 
fad beads straight for her 48-year-old Re- 
publican rival, George W. Bush, son of 
former President George Bush.. 

“Every single one of you in this room 
knows what it’s like to wrk Hke a dogto 
move things forward and then have some 
whiner come in there,” sbesays, affecting a 
whiny voice, “and say. This isn t right, 
that isn’t right’ ” 

Now, with the women w mar feel 
cheering, Ms. Richards shifts into high 

gear. 

“And how many of you have had a real 
busy day at work or doing some voiunteeT 
job or geumg everything rady at school 
fbr the oig^TA meeting, she says. And 

See TEXAS, Page 4 




„ ) mm. 


SjirtaJ'TSc Awxiaud Ptr» 

UKE OLD^ TIMES —Demonstrators outside the former U.S. Embassy in 
Tdna on Wednesday, marking the 15th annWersaiy of its takeover. In 
Paris, three Iranians accused of the Bakhtiar murder went on trial. Page 4. 


No. 34.736 


U.S. Steps In to Halt 
Dollar’s Steep Slide 

But Other Countries Stand Aside, 
Fueling Doubt Rebound Can Last 


By Carl Gewirtz 

International Herald Tribune 

With the dollar falling to another post- 
war low against the yen, the United States 
intervened unilaterally in foreign exchange 
markets on Wednesday to support its cur- 
rency. 

The Federal Reserve bought dollars at 
least three times after trading in Europe 
and Asia had already ended, braking the 
fall of the currency against the yen and the 
Deutsche mark. 

But analysts re main ed skeptical that the 
surprise move to bolster the sagging dollar 
would have a lasting effect on its value. 

The U.S. Treasury secretary, Lloyd 
Bentsen, speaking after the intervention 
began, remarked fiat the dollar's weakness 
was “inconsistent with the fundamentals 
of a strong investment-led recovery in the 
United States." 

The repeated intervention by the Feder- 
al Reserve Bank of New York, which acts 
at the direction of the Treasury, lifted the 
dollar from a low of 96.10 yen. Interven- 
tion against the Deutsche mark lifted the 
dollar from a low of 1.4910 DM. 

The dollar closed in New York at 1.5154 
DM, up from J.4948 on Tuesday, and al 
97.65 yen, up from 96.65. The dollar rose 
to 5.1900 French francs from 5.1 190 and to 
13635 Swiss francs from 13458. The 
pound weakened to $1.6230 from $1.6335. 

The U.S. intervention came less than 
two weeks after remarks by Mr. Bentsen, 
made during a campaign trip in Seattle, 
triggered a sharp slump in the dollar. Al- 
though he sought to clarity his position 
just a few hours later, noting that the 
United States wanted to see a stronger 
dollar, Mr. Bentsen sent currency markets 
into a feeding frenzy on Oct. 20 by saying, 
“We have no plans to intervene.” In recent 


ing the dollar’s decline rather than as an 
attempt to lift the dollar. 

The dollar's fall and the intervention 
were linked, analysts said, to the failure on 
Monday of U.S.-Japanese trade talks 
aimed at opening Japan's market for flat 
glass. An agreement in principle had been 
announced on OcL 1. The inability to 
settle the deal, analysts said, fueled worries 
that the U.S. government would seek to 
pressure Japan by encoura g in g a dollar 
decline that would put upward pressure on 
the yen. 

But Mr. Bentsen sought to allay that 
sentiment on Wednesday, saying “the ad- 
ministration is committed to sound eco- 
nomic policies that expand the economy’s 
capacity and sustain recovery with low 
inflation.” 

“Continuation of recent foreign ex- 
change trends would be counterproductive 
for the United States and the world econo- 
my.” he said. “A stronger dollar will re- 
duce inflation pressures, improve Ameri- 

See DOLLAR, Page 4 




=syj4Bi — f- - r-r' T- " r ' 

•fSfe’ - Japanese yen 

> S7;6d; — I — 1 — t — 




Deutsche mark 


we nave no plans to intervene. In recent 
days the dollar has continued to trade 
listlessly. 

Analysts said that without coordinated 
participation from other leading central 
banks and without a significant change in 
policy — a coordinated rise in U.S. interest 
rates and a lowering of German and Japa- 
nese rates — the U.S. action could only be 
seen as a stalling operation aimed at slow- 


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( GST (L00 4.00 S.0G 12.00 

Source.' Bloomberg 


13 Radicals Killed in Raids 
After Algiers Colonel Is Slain 


Compiled b? Our SiaflT From Dispatches 

ALGIERS — Fundamentalist guerrillas 
shot and killed the military commander of 
Algiers on Wednesday, triggering raids in 
which government troops killed 13 armed 
militants. 

Colonel Cherif Djelloul was slain while 
discussing the surrender of nine guerrillas 
surrounded by security forces in a 1 5-story 
building, the official Algerian news agency 
APS said, quoting security officials. 

He was the highest-ranking army officer 
officially reported killed in a battle with 
militants in nearly three years of civil strife 
in the country. 

Colonel Djelloul was unarmed when he 
was “murdered in cowardly fashion,” the 
statement said. 

After the colonel was killed, troops 
stormed the Lafayette Tower building and 
killed nine guerrillas, including a Muslim 
rebel woman, APS said. Earlier reports 
had suggested women may have been tak- 
en hostage by the rebels but later reports 
said they were guerrillas. 

The raid took place after a 36-hour 


Kiosk 

Abortion Doctor’s 
Killer Convicted 

PENSACOLA, Florida (APJ — A for- 
mer minister was convicted of murder 
Wednesday in the shotgun slayings of an 
abortion doctor and volunteer escort. 

The jury deliberatedjust 20 minutes 
before finding Paul H2I, 40, guilty. He 
could receive Ufe in prison or death in the 
dearie chair. 

After being barred by the judge from 
arguing that the slayings were justifiable 
homicide to save the lives of fetuses, Mr. 
Hill, acting as his own lawyer, put up no 
defense. He asked no questions and 
made no statements. 

The jury will return for the penalty 
phase on Thursday. 

Mr. Hill was also convicted of at- 
tempted murder for wounding a second 
volunteer escorting the doctor during the 
July 29 attack. 


Book Review 


Page 10. 


t Down m m Down 
2634 I Ig 1.42% 

The Dollar _ _ 

NemYnK Wad done prsda 

DM 1.5154 

Pound 1-623 

Yen 97S 5 

FF 5.19 



siege, officials told APS. Residents were 
evacuated from the block, they added. 

A short distance away, security forces 
raided another house, killing four armed 
militants. APS said. 

A woman was among the four guerrillas 
who were killed in the second house after 
they rejected a demand by security forces 
for their surrender. APS said. 

The drama began Tuesday with a shoo- 
tout between fundamentalists and security 
forces in the bustling Telemly Boulevard 
district, prompting the police to seal off 
the area. Media reports said four armed 
fundamentalists, including their leader, 
who was known as Flicha, were killed in 
the shootout on Tuesday. Officials gave no 
details of the raid. 

After the shootout, a group of militants 
took refuge in the nearby Lafayette build- 
ing. Elite troops and police rushed the 
building on Wednesday. The guerrillas bad 
threatened to blow up the building and the 
two girls they claimed to be holding hos- 
tage. 

The government’s operation, involving 
large numbers of hooded special troops 
and police, began Tuesday, the day a bomb 
attack blamed on Muslim radicals killed 
four children attending a ceremony in a 
cemetery in the west Algerian coastal town 
of Mostaganem. Initial reports had said 
five children had died. 

The independent daily El Watan said 
the attack at the cemetery was apparently 
intended to kill the prefect of the district 
around Mostaganem, 280 kilometers (170 
miles) west of Algiers, and the military and 
police chiefs and soldiers who were at the 
ceremony to mark the 40th anniversary of 
the start of the war for independence from 
France. 

The bombing was denounced by an ex- 
iled spokesman of the Islamic Salvation 
Front, which was outlawed in March 1992, 
two months after the military canceled the 
second round of general elections that the 
fundamentalist movement had been 
poised to win. 

In a statement released in Bonn, the 
Islamic Salvation Front said that it “at- 
tacks and energetically condemns this dis- 
graceful killing and the cowards who car- 
ried it out” (AFP, Reuters) 

Reuters reported earlier from Paris: 

Interior Minister Charles Pasqua of 
France welcomed Wednesday the an- 
nouncement by President Li amine ZerouaJ 
of Algeria of presidential elections next 
year in Algeria. 

His remarks contrasted with the Foreign 
Ministry’s refusal to comment on the elec- 
tion phot, highlighting again differences in 
Paris over policy toward Algeria. 

“I think everything that leads to the 
ballot box is positive,” Mr. Pasqua said in 
a France 3 television interview. “I never 
believed there could be a real agreement 
between the current leaders and the Islam- 
ic Salvation Front,” he said. “Is this the 
way? I hope so.” 





\ 


Page 2 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


UN General Fuels Allies’ Discord on Bosnian Air Strikes 


WORLD BRIEFS 


By Joseph Fitchett 

International Herald Tribune 

PARIS — Urging more aggressive use of 


NATO waiplaneTttfback up Security Council 
resolutions m Bosnia, US. offia 


last week to mete out harsher punishment 
against artillery near Sarajevo. 

U.S. officials were infuriated by the tenor of 

l Rat 


_ . iaals said Wednes- 
day air power could make a critical differ- 
ence in spurring Bosnia's Serbs to seek peace 
before the fighting escalates a g ain . 

But the officials voiced frustration about the 
reaction to die Clinton administration's position 
in major European capitals, which still support 
the United Nations m objecting to mflitaiy 
action. 

This new chapter of trans-Atlantic disagree- 
ment about Bosnia burst into the open Wednes- 
day with the disclosure of a letter in which Sir 
Michael Rose, the British lieutenant general in 
command of the UN peacekeeping forces, voiced 
his reluctance to call in Norm Atlantic Treaty 
Organization air strikes against Bosnian Serbs. 

By its conciliatory tone, the letter — sent Sept 
30 but just published by The Times of London — 
contradicts the thrust of a UN-NATO accord 


this private message to General Ratko Mladic, 
commander of the Bosnian Serbian forces, sent 
as Washington was urging allied governments to 
dose ranks behind a tougher policy aimed at 
isolating the Bosnian Serbs. 

“It talks to than the same way the UN is 
acting toward them, all carrot and no stick,” a 
NATO official said. 

Defending his views in a separate letter to The 
Tunes published in the same issue, General Rose 
argued that the UN mission was “principally one 
of peacekeeping, not peace enforcement,” con- 
tending that his team’s work had succeeded be- 
cause “central Bosnia is fast returning to 
normality” 

At NATO, allied governments have embraced 
the Clinton administration's view that the time is 
ripe for sharper use of air power in order to 
persuade the Bosnian Serbs to reach a settle- 
ment, roughly along the lines proposed by the 
“contact group" of five mediating nations: the 


United States, Britain, France, Germany and 
Russia. 

As a U.S. official put it, “the contact group is 
our top priority and enhanmd air power is the 
only conceivable way to get a solution in real 
time” — a phrase referring to worries that time is 
running out for keeping sanctions on Belgrade. 

But the same allied governments also have 
largely acquiesced in the contrasting UN view 
along the lines that, in a civil war too bloody to 
control, the best the rest of the world can hope to 
do is provide humanitarian relief and hope that it 
at least lessens the conflict's impact in the West 

In one respect, the Clinton administration and 
European governments share the same hopeful 
assessment: that the war may be slowly grin ding 
to a halt, mainly because Belgrade has started 
pressing the Serbs in Bosnia to settle. 

How to capitalize on this moment, however, 
has revived a split between what officials call, 
euphemistically, “the two cultures” inherent in 
such different organizations as NATO and the 
United Nations. 

In contrast to NATO, UN c omman ders on the 


ground develop the view that the conflict has no 
good side and no “enemy” to be beaten. 

For example, UN headquarters in Bosnia does 
no intelligence gathering, a commander ex- 
plained recently, because advance warning is 
irrelevant for peacekeepers with no intention of 
taking countermeasures. 

This gap in mentalities between NATO and 
the UN system, several officials said, helps ex- 
plain why it has proved so difficult to achieve 
cooperation on the ground. 

“In the Security Council, governments are 
deliberately vague; at NATO, the same govern- 
ments have to be specific,” according to a West- 
ern official. 

The result, he said, is “a dual-key system 
which in effect means a double veto, so action 
rardy gets taken in Bosnia.” 

Most vetoes have come from the UN hierar- 
chy. But the most recent calls for NATO air 
strikes — to halt tire current Muslim offensive — 
were rejected by Secretary of State Warren ML 
Christopher on the grounds that the Bosnian 
Serbs have been the overall aggressors in the war. 


Yeltsin Weighs a Cabinet Reshuffle 


MOSCOW (Reuters) — The head of Russia’s lower house of 
Parliament said Wednesday he had discussed with President Boris 
N. Yeltsin a need for urgent government changes, Interfax news 
agency reported. 

The State Duma chairman, Ivan Rybkin, said a cabinet reshuf- 
fle would take one or two weeks, but gave no further details. It was 
not clear if Mr. Yeltsin, who has the power to dismiss ministers, 
had agreed to specific cabinet changes. 

Mr. Rybkin told Interfax that talks with Mr. Yeltsin on 
Wednesday had brought up an “extremely urgent need to renew 
the maVwtp of the government.” Last week, the Duma turned 
back a np- nngifidgpce motion in the government of Prime Minister 
Viktor S. Chernomyrdin. . 



Rabin Rejects Dialogue With Hamas 


Clinton Was Target, 
Evidence Suggests 


Strafer May Face New Charge 


Compiled bv Our Staff From Dtspaidta 

WASHINGTON — Prose- 
cutors are considering charging 
a Colorado man with attempted 
assassination after finding new 
evidence indicating that he in- 
tended to kill President Bill 
CUnton when he fired on the 
White House, an official said 
Wednesday. 

The official, who is familiar 
with the investigation, said tes- 
timony from a former co-work- 
er and papers found in the truck 
of the suspect, Francisco Mar- 
tin Duran, had prosecutors 
“looking at broadening the 
charges” against him even 
though Mr. Clinton was no- 
where in sight during the shoot- 
ing Saturday. 

Mr. Duran, 26, was bound 
over Wednesday for trial on 
four charges that were filed 
against him Monday. A magis- 
trate ordered him held without 
bond on the charges: possession 
of a firearm by a convicted fel- 
on, destruction of government 
property, feasting a federal of- 
ficer while armed and unlawful 
use of a firearm during the com- 
mission of a felony. 

If convicted, he could face up 
to 33 yean in prison and SI 

millio n in fines. 

Officiais said the additional 
eyidoce and testimony have 
significantly altwrwt their delib- 
erations by suggesting that Mr. 
Duran bad come to Washing- 
ton not merely to get attention 


or protest, but specifically to 
kill the president. 

Mr. Duran is accused of fir- 
ing 27 shots from a semiauto- 
matic rifle at the While House. 
No one was injured. 

David Mill is, a former co- 
worker of Mr. Duran’s at the 
Broadmoor Hotel in Colorado 
Springs, Colorado, where the 
suspect works as an upholster, 
said that Mr. Duran had said he 
was “going to take out the presi- 
dent.” 

Mr. Mitlis , 20, who said he 
knew Mr. Duran about seven 
months, said: 

“He used to talk a lot about 
the government, how it had 
screwed him over,” adding 
“and stuff like assassinating the 
president. I didn't think he was 
serious. I thought be was full of 
hot air." 

Among the papers law en- 
forcement officials found were 
a map with the words “kill the 
president — but he abbreviated 
the word president," said a law 
enforcement official. 

Some Treasury officials were 
initially skeptical that there was 
enough evidence to warrant 
charging Mr. Duran with an as- 
sassination attempt because the 

gunman aimed at the White 

House, not the president FBI 
officials believed, however, that 
the written material indicated 
Mr. Duran's intent in firing at 
the White House, sources said. 

(AP, WP) 


East German Spy Trader Goes on Trial 


property 

Wolfea 


By Craig R. Whitney 

New York Times Service 

BERLIN — A Cold War 
lawyer and spy trader who 
brokered freedom for 33,755 
East German political prison- 
ers in exchange for $2 3 billion 
paid to the Communists by 
the West German government 
went on trial Wednesday on 
charges of helping the secret 
police blackmail former cli- 
ents into leaving houses and 
behind. 

folfgang Vogel, 69, who 
became a milli onaire and was 
a respected confidant of lead- 
ers on both sides of the Berlin 
Wall until its collapse five 
years ago made his services 
unnecessary, is the most 
prominent East Goman pri- 
vate citizen to be charged with 
knowingly taking part in 
criminal wrongdoing by the 
Communist regime. 

Prosecutors accused him of 
being an employee of the Min- 
istry of State Security from 
19S3 to 1989, a charge Mr. 
Vogel denies despite secret 
police files that show that he 
collaborated extensively with 
them for decades. 

The prosecutors are pursu- 
ing him separately for more 
than 9.5 milli on Deutsche 
marks ($63 million) in taxes 
that they say he should have 
paid to East Germany on in- 
come he got from the West 
German government and ch- 
eats during the 1980s. 

Mr. Vogel, now retired, in- 
sisted that the official require- 
ment that people wanting to 
leave East Germany had to 
sell or leave behind their prop- 
erty was not his doing. When 



ents took him for but an in- 
former who had only the in- 
terest of the State Security 
Ministry in mind, the prosecu- 
tors insist. His former notarial 
assistant, Erika Ddrrfeld, is a 
co-defendant. 

“I am convinced that I will 
get a fair trial from the inde- 
pendent judiciary, if not from 
prosecutors content to let 
themselves be described in the 
press as out to get me,” the 
grave, gray-haired Mr. Vogel 


said after the judges an- 
nounced a five-da v 


Fabreoo Bemdw Realm 


Wolfgang Vogel before his trial began Wednesday. 


he helped arrange sales for cli- 
ents who were leaving, he said, 
he often did not know who the 
buyers were. 

The three-judge court that 
opened his trial Wednesday 
gave considerable credence to 
that defense two months ago 
when it threw out 32 counts of 
the original 738-page. 33- 
count indictment. 

“The defendant Vogel was 
a high-ranking instrument, 
not a derision-maker of the 
Ministry for State Security ” 


the judges ruled. Mr. Vogel, 
they said, did not have the 
power to deride wbo could 
leave East Germany and who 
had to stay, as the prosecutors 
charged, and could not be ac- 
cused of blac kmailin g people 
who came to him asking if 
gifts of money or property to 
the state could gel than out 
Bernhard Brocher, one of 
the prosecutors, said Wednes- 
day they had appealed the rul- 
ing. Mr. Vogel was not the 
independent advocate ins di- 


ay adjourn- 
ment only 90 minutes into the 
proceedings Wednesday. 

This was to give the defense 
time to respond to a shrunken 
29-page charge sheet with the 
21 remaining cases that was 
handed over to Mr. Vogel's 
lawyers, but not made public, 
by the prosecutors only 
Wednesday morning, Mr. Vo- 
gd was arrested in July 1993 
and released on bail of 33 
million DM last January. He 
also faces a charge of perjury 
in one of the property cases. 

The trial is expected to last 
through February in the dis- 
trict court next to Berlin’s 
Moabit jail, where Mr. Vogel 
spent six mon ths . 

The gloomy second-floor 
courtroom. No. 500, was the 
same one where Erich Hon- 
ecker, the late East German 
leader, briefly stood trial on 
charges of bearing responsi- 
bility for the deaths of hun- 
dreds of East Germans who 
tried to escape across the 
WalL 

Ai together, Mr. Vogel faces 
imprisonment of up to 13 
years if convicted. 


JERUSALEM (AFP) — Prime Minister Yitzhak Rabin of 
Israel came out firmly Wednesday against any dialogue with the 
Islamic Resistance Movement, or Hamas, after two ministers 
urged talks with moderate Muslims. “Hamas is the enemy of 
peace and there is only way to deal with it: by waging a merciless 
war,” he told state radio. 

Police Minister Moshe Shaha3 proposed a dialogue, despite a 
string of attacks claimed by the fundamentalist group last month 
— especially the OcL 19 bus attack in Tel Aviv that killed 23, 
including the suicide bomb® — and threats of more attacks to 
come. 

“The government is wrong to reject Hamas wholesale,” Mr. 
said at a meeting of Labor Party members in Parliament, 
picking up on a call by Deputy Foreign Minister Yosa Beilin last 
week for talks with H amas moderates who have voiced interest in 
contacts with IsraeL 


New Yorker Writer Cleared of libel 


SAN FRANCISCO (AP) — Janet Malcolm, a New Yc 
writer, was cleared Wednesday of libel in a story about a ; 
analyst who accused her of making up quotations. 

In a trial last year, a jury had found Ms. Malcolm guilty of libel 
against Jeffrey Masson but deadlocked on the issue of damages, 
effectively nullifying the entire proceeding. 

The UJS. District Court jury ruled Wednesday that two of the 
five nhaHeng erf quotations in the article were false. But the panel 
»i.w found that Mr. Masson failed to prove Ms. Malcolm deliber- 
ately or recklessly falsified the statements. 


Estonian Ship’s Master Found Drunk 


STOCKHOLM (AP) — An Estonian-flagged freighter was 
Triefly outside Stockholm’s harbor after the 


forced to anchor brie 
captain was discovered to be drunk, officials said Wednesday. 

The ship, the Donate, and its crew had bear chartered by the 
Estline shipping company, owner of the feny Estonia, which 
capsized in the Baltic Sea on Sept. 28, killing more than 900 
people. The company plans to launch a new passenger feny next 

week. 

Swedish authorities halted the Donate shortly after it sailed 
from Stockholm’s harbor and headed toward Tallinn, Estoaia, 
Tuesday ni gh t. The vessel was allowed to leave Wednesday 
morning, with a different captain. The Swedish news agency TT 
said Estline’s owners, trying to polish the company's image, were 
dismayed over the incident with the drunken captain. “Had it 
been our crew, this would not have happened,” Hans Laidwa, 
Estline’s press officer, was quoted as saying. 


TRAVEL UPDATE 


Paris Airport-TGV Link Inaugurated 

PARIS (Reuters) — Planes and high-speed trains, two tra 
tional rivals, were united Wednesday for their mutual benefit at 
the French capital's main airport in a new arrangement to cut 
travel time for passengers of both. 


Officials inaug urated a futuristic station for high-speed 7GV 
~ ----- passe 


U.S. Dangles Financial Aid Carrot to Keep Ulster Truce Going 


By Thomas W. Lippman 

Washington Pan Service 

WASHINGTON —In an ef- 
fort to encourage the peace pro- 
cess in Northern Ireland, the 
administration has announced 
a modest increase in U.S. finan- 
cial aid to Northern Ireland and 


the Irish Republic, and has said 
President Bill Clinton will host 
an Irish trade and development 
conference in April. 

The economic incentive 
package is intended to be “the 
United States' response to the 
cease-fires declared by both 


sides,” a senior White House- 
official said Tuesday. 

Irish leaders have given the 
Clinton administration's diplo- 
matic efforts substantial credit 
for the cease-fires announced 
by the Roman Catholic-domi- 
nated Irish Republican Army, 


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9 Die on German Highway 

Agence Frtmce-Prast 

KAISERSLAUTERN, Ger- 
many — Nine people in a mini- 
bus were killed when a Polish 
tractor- trailer veered on a su- 
perhighway near here Wednes- 
day and crushed the vehicle. 


which seeks union with the Irish 
Republic, and Protestant mili- 
tant groups, which are insisting 
on remaining part of Britain. 

Although limited in scope, 
the economic package is a logi- 
cal extension of a policy, which 
the administration has pursued 
for much of the past year, of 
encouraging Northern Ireland's 
factions to give up violence 
without taking an active role in 
whatever negotiations may en- 
sue. 


develop men t is essential to re- 
dressing the real or imagined 
grievances of the people of one 
of most depressed areas of 
Western Europe. 


Irish leaders of every stripe 
wbo have visited Washington 
this year have said economic 


The Clinton administration’s 
aim is to “get in on the ground 
and show both sides the bene- 
fits of peace as soon as possi- 
ble,” a senior official said. 
“These guys need jobs." 

According to a While House 
announcement, the U.S. contri- 
bution to the International De- 
velopment Fund for Ireland 
will increase by $10 million a 
year, to nearly $30 million, be- 


ginning in fiscal 1996. The fund 
will provide seed money aimed 
at stimulating economic devel- 
opment 

Commerce Secretary Ronald 
H. Brown will lead a U.S. dele- 
gation to an economic develop- 
ment conference in Belfast in 
December organized by Prime 
Minister John Major of Britain. 

Then in April, Mr. Clinton 
will invite representatives of the 
Irish and British governments, 
political leaders from both 
countries and the American 
business community to an in- 
vestment conference in Phila- 
delphia. 


t rams at Charles de Gaulle airport It will allow TGV passengers 
to skirt Park, 50 kilometers to the south. Local express trains will 
also link the airport station to the dry center, ending shuttle-bus 
runs from the existing suburban train station. 

In an early stage after the new airport station is opened to the 
public on Nov. 13, 14 daily TGV trains will link ; the airport to 
Lyon to the south and Lille to the north. Air France, the main 
operator at Charles de Gaulle, said it expected to agree soon with 
the state railroad, SNCF, to issue joint rail-air tickets. 

The Urutod States, Canada and Australia have agreed to ban 
smoking on all flights between the three countries, the U.S. 
Transportation Department announced. The ban will go into 
effect in 120 days. (AFP) 

Japan Air lines armoonced a frequent-flyer program with Amer- 
ican Airlines following a similar move in October by All Nippon 
Airlines and six other carriers. (AFP) 

Jakarta plans'to revive on-the-spot push-ops as punishment for 
jaywalkers, a city offidal said. The punishment set off protests by 
the Legal Aid Institute when it was imposed in 1991. (Reuters) 
Qantas Airways wfll offer sightseeing flights over Antarctica for 
the first tune in 15 years. The airline said it intended to operate six 
charter flights out of Melbourne from New Year's Eve to Febru- 
ary using a Boeing 747-300. It suspended such flights soon after an 
An New Zealand DC-10 crashed into the side of the Mount 
Erebus volcano in November 1979, killing 257 people. (AP) 


Icing Cited as Possible Cause of U.S. Commuter Plane Crash 


Compiled by Our Staff From Dispatches 

ROSELAWN, Indiana — A 
commuter plane that crashed in 
northern Indiana, UdOing all 68 
aboard, flew in a holding pat- 
tern for more than 32 minutes 
in a cold blowing rain that 
could have caused ice to form 
on the wings and fuselage, 
sources dose to the investiga- 
tion said. 

But the investigation into the 
crash of American Eagle Flight 


41 84 so far has yielded no con- 
clusive evidence as to why the 
plane, a twin-engine turboprop, 
dropped from the sky Mouday 
night shortly after air-traffic 
controllers gave the two-man 
crew permission to leave the 
holding pattern and descend 
from 10,000 feet to 8,000 feet 
The flight was en route to Chi- 
cago from Indianapolis. 

Federal sources said there 
was no hint of trouble at any 


just ask the butter... 




vaeu 


■ N - C - A- P-O - R • E 


Virr, trrwict II ..jttng y.M a wmur </ It it. 


point on tape recordings of the 
plane’s conversations with air- 
traffic controllers. The crew did 
not even mention the weather, 
and their last transmission was 
a routine acknowledgment of 
the clearance to descend. 

The plane, an ATR-72, built 
by a consortium of France’s 
Aerospatiale and Italy's Alita- 
lia, was new, had no service 
problems and the crew was ex- 
perienced with an unblemished 
record, according to the Federal 
Aviation Administration and 
American Eagle. 

As rescue workers continued 
removing broken bodies and 
sifting through shredded wreck- 
age, Monday’s weather condi- 
tions were an obvious area of 
inquiry by the National Trans- 
portation Safety Board. Several 


other aircraft reported icing 
conditions as they approached 
the Chicago area. 

Two in-flight weather advi- 
sories had been issued for tur- 
bulence and icing, said Jim 
Hall, the safety board chair- 
man. Investigators were check- 
ing the plane’s voice data re- 
corder to see if the pilot 
received the warnings. 

Board sources cautioned, 
however, that initial specula- 
tion on causes is often wrong. 
Icing, which can rob a plane of 
lift, was the initial speculation 
in the last two commuter airline 
crashes — at Hibbing, Minne- 
sota, on Dec. 1, 1993, and Co- 
lumbus, Ohio, on Jan. 7 — but 
proved not to be a factor. 

Board investigators are look- 
ing into numerous other possi- 


plane 


ble reasons that the 
plunged to the ground. 

It is not unusual for planes to 
fly in holding patterns for 32 
minutes, said David Hinson, an 
administrator with the Federal 
Aviation Administration. 
Planes are sometimes held for 
two to three hours, he said. 

Mr. Hall said investigators 
would be interviewing air traf- 
fic controllers in Chicago “to 
determine why they had them 
in that holding pattern,” and 
what the normal procedures are 
in such weather circumstances. 

Mr. Hall, describing the last 
minutes of the Indianapolis-to- 
Chicago flight, said preliminary 
transcripts showed there were 
no transmissions or distress sig- 
nals after the pilots agreed to 
circle for 10 minutes more. 


Investigative efforts since the 
crash have been hampered by 
rain and mud, but the weather 
cleared Wednesday, and offi-- 
dais prepared to begin carrying ji 
out the remains of the 64 pas- 
sengers and four crew members 1 
to a temporary morgue ax a 
nearby National Guard ar-; 
mory. 

Authorities have said the se- 
verity of the crash made imme- 
diate identification of the vic- 
tims impossible. 

(WP, AP) 


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Page 3 


PwwpCTat on the Rise Rediscovers Cllirton 


rw^ “ 0t **» strongest symbol 

fSKuJ®' *5^5!^ fo . rtune ^ bw there it was; 
Representative Bob Carr, Democratic candidate for Senate 

*fa™g a podium with President BUI Clinton. 

i : 2b? S* £ M ^ Carr ^ ycd in the «ats during 

Y * t0 . a Dearborn auto assembly plant, 
W^S?n» 3Si a ^P^S 11 . event. " Even though Mr. Carr 
k,° 5 ^^8" ads touting his vote for the 
first budget, the news coverage conveyed an 
imprwaon of hnn running away from Mr. Clinton. 

u loscr t0 thc Republican nominee, 
-Spenar Abraham, with a week left hi the campaign, Mr 

'^S a tht SUre *5° f¥ u oou,d accuse hira of not also being 
president. The two stood shoulder to shoulder as 
Uwr, Omton and , other Democratic officeholders staged a 
.rally in an attempt to energize traditional Democratic constit- 
-ligorics 1® a key race that could determine whether their party 
.reta in s control of the Senate. H 3 

m ^ ^ut’toe-vote rallies in Detroit and later in Cleve- 
land reflect the fears of Democratic operatives that poor 

turnout bv core nnrtu arnims 1 : 1 .. l„i I : . . .. M 



Ethics of Whitewater Appointment Upheld 


■ j^^?^GTON — Citizens who questioned a federal 
judges luncheon meeting with two Republican senators 
while he was considering the appointment of the Whitewater 
dependent counsel are “naive" and have a “fundamental 
isunderstandi ng” of how such appointments are made, a 
supervisory judge said in dismissing their complaints, 
i- Judge Harry T. Edwards, the chief judge of the U.S. Court 
jpf Appeals for the District of Columbia Circuit, said the 
judge was allowed to consult with anyone he wanted while a 
^ panel he headed was weighing appointment of an indepen- 
dent counsel. Although he never named the judge in question. 
Judge Edwards described in detail ethical complaints against 
Judge David B. Sentelle, who serves with him on the D.C. 
Circuit. 

. , Judge Sentelle is also presiding judge of the panel that 
anointed, an independent counsel to investigate Mr. Gin- 
ton's Whitewater real estate deal and his involvement with a 
.failed Arkansas savings and loan. 

‘There may be some members of society who would 
question the actions, of the accused judge, for they have a 
•pristine {albeit arguably naive) view of the appointment 

P rocess: But this is irrelevant," Judge Edwards wrote in the 
6-page opinion. 

• The Sentelle panel's decision in August to replace Special 
Prosecutor Robert B. Fiske Jr., a moderate Republican, with 
“an outspoken conservative, Kenneth W. Starr, a former 
federal appeals judge, was widely questioned after it was 
disclosed that Judge Sentelle had a July 14 luncheon meeting 
^wlth Senators Lauch haircloth and Jesse Helms. After the 
fohdi, judge Sentelle and Mr. Faircloth were seen huddled in 
idcep 1 conversation on the Capitol's underground tram. The 
judge said later that they were “old friends” talking about ■ 
prostate problems and cowboy boots. : . 


Quote/Unquote 


Frank Luntz, a Republican poll-taker* ..on why wealthy 
candidates who spend their own money on their campaigns 
often are viewed favorably by the voters: "It is advantageous 
to put your money, in because voters perceive you can't be 
fought. If you’re.a. millionaire, special interests can’t touch 
you. You don't need anything from them. And if you’re a 
rags-to-ricbes story, you’re golden.” ... . (LAT) 


The Candidates Use Crime to Bludgeon Edch Other 


By Howard Kurtz 

Washington Post Service 

WASHINGTON — In an ad for Jcb Bush, a 
Florida gubernatorial candidate, a mother whose 
daughter was murdered says: “Her killer is still 
on death row and we’re still waiting for justice. 
We won’t get it from Lawton Chiles because he's 
too liberal on crime.” 

In an ad For George EL Pataki. a New York 
gubernatorial nominee, a mother whose son was 
killed by a repeat offender says: "I blame it all on 
Cuomo and his policies. . . . Cuomo does not care 
about the victims of crime. He cares about the 
criminals." 

In an ad for a Pennsylvania gubernatorial 
candidate, Thomas J. Ridge, the narrator says: 
"In 1992, Mark Singe! votes to free a murderer. 

Now the same man is arrested again Just a 

mistake or too liberal on crime?" 

It is perhaps the ultimate negative ad, blaming 
a public official for an innocent person's death or 
leniency for the kiiler. In the closing days of a 
nationwide election campaign marked from the 
start by harsh advertising, several candidates 
have unleashed such a weapon, raising the emo- 
tional stakes by focusing on heart-rending vic- 
tims of crime. 

The use of personal tragedy to assail an oppo- 
nent — often by turning the camera on a grieving 
parent or spouse — represents a chilling refine- 
ment of the technique used in the Willie Horton 
ads of 1988. Those ads, produced in support of 
then- Vice President George Bush, used Horton, 
a convicted murderer, to bludgeon Michael S. 
Dukakis, then the governor of Massachusetts. 
Horton raped a Maryland woman and stabbed 
her fiance after Mr. Dukakis granted him u 
furlough. 

The use of crime victims or their families is 
“dangerous as hell,** said Don Sipple, a Republi- 
can consultant who has made several stark ads 
about crime. “I think you are vulnerable to 
charges that you’re using someone else's pain for 
political advantage. You're trying to put blood 
on someone’s hands, which a lot of people think 
is unfair." 

But Mike Murphy, a Republican ad maker, 
believes such spots are effective. “People tend to 
believe the victim, not the politician," he said. 

As further evidence of a determination to 
harness the public’s anger about crime, some 



Lift Ninmilch THc Aurawini Prvu 

Governor Cuomo has been trading charges with Republican candidate George Pataki. 


officeholders arc trying to turn their own person- 
al disclosures to political advantage. 

Georgia’s Republican gubernatorial candi- 
date, Guy Millner. made an ad in which his 31- 
year-old daughter talked about her encounter 
with a knife-wielding burglar. Representative 
James Cooper. Democrat of Tennessee, made an 
ad about an intruder's attempt to break into his 
house while his wife was at home. And during a 
recent debate, California's Democratic guberna- 
torial candidate, Kathleen Brown, spoke of her 
daughter's rape. 

Unlike the Horton commercial, which pic- 
tured the black convict, the 1994 ads avoid any 
reference to race. 


The ad for Jeb Bush, the former president's 
son, begins with a picture of 10-year-old Elisa 
Nelson in her baseball uniform as her mother. 
Wendy, recalls her murder in 1980. Mrs. Nelson 
complained that Florida's governor, a Democrat, 
had not signed enough death warrants. “I know 
Jeb Bush," she says. “He'll make criminals serve 
their sentences and enforce the death penalty. 
Lawton Chiles won't." 

Mr. Chiles called the ad “crass" and “a repeat 
of Willie Horton." Mr. Chiles noted Lhat the 
Nelson case had never come before him — the 
killer's execution has been delayed by court ap- 
peals — and that he had presided over eight 
executions during his term, compared with nine 
under his Republican predecessor. 


Frank Greer, Mr. Chiles’s media adviser, said 
51 percent of those surveyed by. .the campaign 
thought Mr. Bush's charge was unfair,, while 23 
percent deemed it legitimate. “It’s backfired big 
time," Mr. Greer said. "It’s scandalous exploita- 
tion of a victim. At least tbe Willie Horton ad 
had some semblance of truth." 

Mr. Greer is using press criticism in a counter- 
attack spot: “The Miami Herald says the Bush 
campaign had ‘sunk to new depths, 1 exploiting 
the anger and pain of a crime victim. . . . The 
Bush campaign should be ashamed. ... If Jeb 
Bush won r t tell the truth about matters of life 
and death, how can we trust him with our 
future?” 

The New York Tunes labeled as “shameful” 
and “cynical" the ad for Mr. Pataki, a Republi- 
can. It featured Carol McCauliff, whose son was 
killed in July by a Tnan who remained on parole 
despite repeated violations. But news accounts 
noted that his full sentence expired three weeks 
before the murder, so he would have been free 
regardless of parole. 

Not to be outdone, Mario Cuomo aired an ad 
featuring Carolyn McCarthy, whose husband 
was killed in the Long Island Railroad shooting 
in December 1993. She says that Mr. Pataki’s 
implication that Mrs. McCauliffs son “could 
still be alive if he had been the governor is a cruel 
and hurtful hoax." 

“I’m a Republican," she continues, “but this 
shows that George Pataki doesn't have the char- 
acter to be governor." 

The Pataki campaign did not return several 
phone calls. 

The victims’ relatives, for their part, simply 
want to get their message out Wendy Nelson 
says she volunteered to make the ad after Mr. 
Bush expressed interest in her plight at a cam- 
paign event. She does not feel used in any way. 

“I am very frustrated with the system,'* Mrs. 
Nelson said. “1 think a system lhat takes 14 years 
to execute someone is broken." 

The Pennsylvania case is more clearly fair 
game. Lieutenant Governor Mark Singel, a 
Democrat, has apologized for recommending, as 
head of the state's Board of Pardons, the release 
of Reginald McFadden, a convicted murderer 
who has since been charged with the rape and 
murder of a 78-year-old woman. Mr. Singel 
called tire commutation last year “a decision 1 
will regret for the rest of my fife." 


Canada to Let la Fewer Immig rants 


By Anne Swardson 

Washington Post Service 

TORONTO — Canada has 
announced that it will accept 
fewer legal immigrants each 
year and overhaul immigration 
guidelines to give less emphasis 
to family members and more to 
those with marketable skills. 

The action came in response 
to widespread sentiments lhat 
Canada, which apeepts propor- 
tionately more immigrants than 
any other major industrial na- 


tion, has become too generous 
to those who seek to come here. 

The announcement marked a 
policy reversal for the govern- 
ing Liberal Party of Prime Min- 
ister Jean Chretien, who prom- 
ised when he was campaigning 
just over a year ago that be 
would keep immigration at 
about 1 percent of population 
and give priority to the families 
of those already in Canada. 

In announcing the new rules 
Tuesday, Immigration Minister 


Sergio Marchi said 1995 immi- 
gration totals would not exceed 
215,000, a decline from the 
1994 ceiling of 250,000 legal im- 
migrants. One percent of Cana- 
da's population would be about 
290,000 immigrants. 

Mr. Marchi said the plan did 
not mark a change of course 
because the government re- 
mained committed to keeping 
immigration at 1 percent of 
populatipn “over a long peri- 
od." 


Away From Politics 


• An “exciting” break in the weekkng search 
for two young kidnapped brothers was re- 
ported by the sheriff of Union, South Caroli- 
na, only to be abruptly withdrawn. “I am of 
the belief now that this is not going to affect 
our case," Sheriff Howard Wells said. He was 
referring to a phone tip from out of state 
about the missing children. 

• A Marine drill sergeant shot himself after 
climbing onto a diving platform with a loaded 
M-16 rule while 59 recruits awaited swim- 
ming instruction, military officials said in 
Pams Island. South Carolina. Investigators 
did not km-"/ what led Sergeant Richard 
Sturopf, 26, w lake his life. 


• Violence now rivals academics as the top 
concern of U.S. public schools, with shoot- 
ings, s tabbings and other serious assaults in- 
creasing in number and spreading from urban 
districts to suburbs and small towns, the Na- 
tional League of Cities reports. 

• The NAACP has stopped paying most of its 
professional staff, board members of the civil 
rights organization said. The furlough took 
effect on Monday. Officials said they hoped it 
would last no more than a week or two. The 
National Association for the Advancement of 
Colored People is gripped by a financial crisis 
following accusations of financial abuses by 
some of its leaders. ap. afp. lat. nyt 


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Page 4 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


Paris Under Security Wrap as 3 Iranians Go on Trial 


> By William Drozdiak 

; Washington Post Service 

■ PARIS — Fearing terrorist reprisals, France 

imposed some of its tightest security measures in 
t 1 . . - i -r 


Western nations that the Islamic fundamentalist 
regim e continues to sponsor terrorist acts around 
the world. 

Hie Bakhtiar case has attracted keen attention 


outside the French Embassy in what officials in 
Paris believe is a blatant attempt at intimidation 
on the eve of the murder trial. . 


Jears as the trial opened Wednesday of three because of the personalities involved Hie .three 


Iranians charged with the assassination of Shah- 
pur Bakhtiar, the Shah of Iran’s last prime 
minister. 

| As sharpshooters stood on nearby rooftops 
and hundreds of police combed the area for 
hidden bombs, the suspects accused of slitting 
jufr. Bakhtiar's throat and draping him in a 
bloody sheet were ushered into the courtroom 
for the start of a monthlong trial that has height- 
ened tension between Paris and T ehr a n . 

I The prosecution contends that Iran’s security 
services orchestrated the killing of Mr. Bakhtiar 
And an aide three years ago in the Paris suburb of 
Snresnes. Hie Iranian government has denied 
any link with Mr. Bakhtiar’s death. 

The murder led to the cancellation of a trip to 
Tehran by President Francois Mitterrand 

Since then, Iran's chances for a rapproche- 
ment with the West have disintegrated amid 
e clating charges by the United States and other 


suspects in the dock indude AH Valdii Rad, who 
is accused of slashing Mr. Bakhtiar’s throat; 
Zeynol Abedin Sarhadi, a great-nephew of Iran’s 
president, Hashemi Rafsanjam, who is accused 
of aiding his escape; and Massoud Hendi, a 
businessman and nephew of the late Ayatollah 
RuhoQah Khomeini, who is said to have provid- 
ed logistical support. 

In addition, six others are being tried in absen- 


Wary about the dangers of a potential hostage 
crisis, the French Foreign Ministry issued a firm 
warning Wednesday reminding the Iranian gov- 
ernment of its duty to protect diplomatic pre- 
mises. France imposed a draconian security belt 
by setting up steel barriers to protect against car 
bombs near Iran’s embassy in Paris. 

Even though Mr. Rafrhf«w was an avowed 
reformer who spent Eve years in jail under the 
shah, he was condemned to death by Avatollah 

V\ • ■ , , . . T. «. 


1986 that killed 12 people and injured more than 
300 others. After a long series of negotiations. 
Mr. Naccache was pardoned by Mr. Mitterrand 
in 1990 and put on a plane to Tehran. 

But a year later, terrorists again strode at Mr. 
Bakhtiar and this time they succeeded. Farydoun 
Boycrahmadi, a Bakhtiar protege who turned out 
to be a double agent wonting for the Iranians. 


Fas t Timor Growth 
Fails to Stem Dissent' 


A Battle for Hearts and Minds 
GoesOnas War WindsDown 


tia | including qi spirted Tntnian agents who have Khomeim and targeted for murder by Iran's 


h em TinifsH if> ftyif Hi ff manf minie rifti in Tehran raullahfi when he escaped to France after serving 
ihone intercepts and other evidence on iy Eve weeks as head of Iran’s last secular 
by a French investigator, Jean- Lou- gpwrnment. 

A first hit squad bungled an assassination 
days, Iran’s government-controlled attempt against nim in 1980 in the Paris suburb 
upped up anti-French sentiment by of Neuilly. A policeman and a woman bystander 


acniTiiniafert by a rrench investigator, Jean- Lou- 
is Bruguiire. 

In recent days, Iran’s government-controlled 
media has whipped up anti-French sentiment by 
attacking the French government’s recent deci- 
sion to expel Muslim schoolgirls from state 
schools if they persist in wearing head scarves as 
a sign of their religious devotion. In Tehran, 
hundreds of Iranian women have staged protests 


to be supporters of his opposition movement 

Forty-eight hours later, Guy Bakhtiar, a 
French policeman entrusted with his father’s 
security, found his body and that of his assistant, 
Sorouch Katibeh, drenched in blood with their 
throats cut Mr. Bcyerahmadi and other agents 
fled to Iran, but Mr. Rad was arrested in Geneva 
and extradited along with Mr. Sarhadi, a clerk in 
Iran’s embassy in Bern. 

Mr. Rad’s testimony, French officials say, lat- 


werc killed, but the five commandos, led by Anis er led them to arrest Mr. Hendi, a former Iranian 
Naccache, were captured and given long prison television correspondent in Pans. He was 


sentences. Their subs 
demand by terrorists 


ment liberation was a key charged with complicity in the killings for pro- 
f triplin g responsibility for viding fake passports and other material support 


a wave of bomb attacks in Paris during 1985 and to help those accused of the murder. 


Rats Eat Up 
The Savings of 
Russia Woman 


Bogota Seeks to Outflank Drug Ruling 

Officials Oppose Constitutional Court on Narcotics Use 


The Associated Pros 


Sew York Times Service 


tion, were only moderately 


MOSCOW — An elderly 
villager lost nearly all her 
savings, about one million 


BOGOTA — The Colombian surprised in May when the 
government will submit legisla- Constitutional Court ruled that 


Two and a half months later, 
the government issued a decree 


rubles ($300), because rats 
ate the cash hoarded in the 
basement of her bouse. 


The woman has been 
earning her living by mak- 
ing bootleg alcohol, the dai- 
ly Komsomolskaya Pravda 
said Wednesday. “Having 
studied a variety of Russian 
state and commercial 
banks, the lady concluded 
that the safest place was her 
cellar,” it said. 


Komsomolskaya Pravda 
said doctors had to 
treat her for shock after the 
loss was discovered. 


tion to Congress that would 
modify the constitution to for- 
bid drug consumption, which 
was legalized by a high court 
last May. 

Vice President Humberto de 
la Callc said the government 
had decided to back away from 
its original proposal to hold a 
nationwide referendum on de- 
criminalization of drug use be- 
cause of the high costs of con- 
ducting the vote and because a 
referendum might be interpret- 
ed as a form of contempt for the 
court’s ruling. 

Colombians, long accus- 
tomed to constant judicial re- 
view and labyrinthine legjsla- 


Cohstitutional Court ruled that b anning drug use in public 
making drug consumption a places and forbidding con- 


crime was unconstitutional, sumption by minors, pregnant 
The court said it violated “the women and government em- 


fundamental right that each 
person has to the free develop- 
ment of his personality.” 


ployees. 


ment of his personality.” Colombia is said to be the 

The president at the time, C 6 - weld’s i largest cocaine export- 

„ous poll of 305 people 






By Michael Richardson 

International Herald Tribute' 

DILI, East Timor — In swel- 
tering heal, several hundred 
students and staff from the Bast 
Timor University, gathered the 
other day with mends, relatives 
and guests for a graduation cer- 
emony under a makeshift plas- 
tic awning. 

Before Indonesia invaded the 
Portuguese territory in 1975 
and annexed it the following 
year, such a ceremony would 
not have been possible. 

In 400 years of colonial rule, 
Portugal neglected to build a 
university or even develop a 
proper primary school system. 
Lisbon’s legacy to East Timor 
was grinding poverty and un- 
derdevelopment. 

Today, a reporter returning 
to the territory for the first time 
since Indonesia took over, finds 
impressive signs of develop- 
ment, not just in Dili but m 
small towns and parts of the 
countryside. 

A network of all-weather 
roads has been built, along with 
bridges, schools, health clinics, 
electricity, village housing, 
fresh water wells and other fa- 
cilities. 

While Indonesia’s armed 
forces may have faced about 


the open in Dili in June and 
July when Timorese protests- 
over alleged religious insults led 
to a clash with riot police, is 
winch about a dozen students' 
and young people were injured. 

“There’s a great feeling of 
disappointment,” said a Timor- 
ese businessman. “Timorese 
used to be very divided. Today, 
they do not support Fretilin but 
they do support indepenr 
deuce." 

Some commanders, includ- 
ing a number of senior officers 
in Jakarta, evidently realize that 
although the Indonesian securi- 


a ty forces are dose to winning. 
3 . the military war in East Timor, 
tr they have railed to win the more 


7,000 Timorese guerrillas fight- 
ing under the banner of the Fre- 


er a cunsuiuuumu aiucuumcui Tjjmnn w ol . _ on 

that would limit the definition 


of fundamental rights. 

In a nation where 97 percent 
of murders go unpunished, the 


percent said they had never 
used Olidt drugs. 


ing under the banner of the Fre Hesaj 
dim independence movement talions i 
in 1975, there are probably no were eng 
more than a few hundred still improve 


they have railed to win the more 
important battle for the hearts 
and minds of the.Hmorese. 

As part of an effort to im- 
prove discipline among Indone- 
sian troops in the territory, a 
military spokesman said Tues- 
day that two soldiers, both' 
Muslim, had been discharged 
from the army after a mflitaifl 
court found them guilty of dese-“ 
crating a Catholic church in 
East Timor in June. 

Colonel K. Syahnakri, the 
newly appointed East Timor 
military commander, said in 
interview that such incidents? 
although rare, would not be tol- 
erated. 

He said that of the eight bat? 
talions in East Timor, sevetv 
were engaged in civic action to 
improve the welfare of people 


Estimates by the National 


court lashed back at Mr. Ga- Drug Council show that drug 
viria, accusing him of a lade of consumption has increased 


respect for the ruling and of only moderately since the nil- 


demeaning the court. 


ing in May. 



MONEY: Casablanca Business Summit Heralds New Mideast Imperative 


Cortfaraed from Page 1 

go forward, then both donors and recipi- 
ents will have to work hard to ensure that 
the money flow is complemented by in- 
creased trade and private-sector invest- 
ment, fiscal discipline and the kinds of 
structural reforms that lead to more open 
markets. And in the future — the present 
Algerian civil war notwithstanding — the 
greatest threat to economic growth in the 
region may no longer be war but the ability 
and will of governments to carry out the 
kind of reform programs that have worked 
in regions such as Latin America and parts 
of Eastern Europe. 

On the plus side of the ledger are some 
truly ambitious aid proposals: 

• In December, leaders of EU member 
nations will discuss a plan to more than 
double aid to the region, to about $7 bil- 
lion over the next five years, and to pursue 
an expanded free-trade zone that would 
bridge the Mediterranean. 

• Caio Koch-Weser, the World Bank's 
vice president for the region, said Wednes- 
day that his institution “stands ready to 
double” its lending to the Middle East and 
North Africa, to $3 billion a year. The 
World Bank has already taken the lead in 
coordinating $2.4 billion of donations for 
the West Bank and the Gaza Strip. 

• Aid from Washington to the region, 
including debt forgiveness, is likely to rise 
over the next few years. Excluding military 
assistance, U.S. aid tins year to Israel is 
$1.8 billion and to Egypt $800 million. 


Jordan, which has won substantial debt 
forgiveness from Washington, is also likely 
to benefit. 

The European Union's aid proposal, 
while couched in economic terms, “is first 
and foremost an instrument of security 
policy,” according to Peter Ludlow, direc- 
tor of the Center for European Policy 
Studies in Brussels. Mr. Ludlow noted that 
the EU was worried about future waves of 
immigration from North Africa and the 
specter of “instability which could endan- 
ger investments or lead to conflict in the 
region which could spill over.” 

The United States, given its central role 
in the Middle East peace process and its 
interest in oil, is dearly keen to help spur 
economic growth in the region for strategic 
reasons. But American business is also 
interested in investment opportunities, 
and more than one European commenta- 
tor noticed that there were far more Amer- 
ican than European corporate executives 
present in Casablanca. 

The United States, together with Israel, 
is pressing, meanwhile, for the establish- 
ment of a development bank for the re- 
gion. Although some Gulf states, led by 
Saudi Arabia, objected to the idea of anew 
development bank, the Casablanca confer- 
ence did agree to go ahead with a working 
group. 

Lawrence Summers, the Treasury un- 
dersecretary, stressed in an interview 
Wednesday that a development bank 
would have to provide much-needed 
kkow-how and help build institutions rath- 
ex than simply hand out loan aid. 


“The challenge for the region is building 
a strong private sector that exploits the 
region’s economic potential,” Mr. Sum- 
mers said. “That’s partially a matter of 
helping businesses, and also a matter of 
providing infrastructure in which markets 
can operate.” 


The prospect of as much as $30 billion 
of government and multilateral aid flow- 
ing to the region between now and the year 
2000 , meanwhile, raises a host of questions 
— such as bow much can be absorbed, how 
quickly infrastructure projects can go for- 
ward and to what degree governments will 
be able to match aid programs with fiscal 
discipline, deregulation of hitherto central- 
ized economies and even privatization pro- 
grams. 



active. They are largely con- through a variety of construe* 
fined to remote areas and short tion and t raining programs «■ 


nnea to remote areas ana snort tion and training prog rams * 
of arms and a mm unition. However, Colonel Syahnakri 

Yet even among Timorese said that the success of the In- 


who originally supported into- donesian education program, 
grafion in Indonesia, there is had created a different kind of 


disillusionment with what is security problem: unemploy- 
seen as heavy-handed control menL About 4,000 Timorese 


by the Indonesian military and 
the central government in Ja- 
karta. 

“My first choice was Apo- 


deti, theparty of integration,” 
said a Timorese professional. 


who leave school each year end. 
up jobless, according to Timor- ! 
ese officials. 

Abiho Jos 6 Osorio Soares,- 
the East Timor governor, said 
that the “veiy severe" unem-. 


B “t not IhB kmd of Integra- ployment p^lem should be 

solved by opening die territory. 


“^“dfdtheyfearad SSafifcHSwSSSa' 

possible reprisals from Indone- economic development 

non fnii ■ I n anAAtt* lii> mnigftH _ _ * _ 


sian security agents, he request- 


ed anonymity. 

There is also widespread re- 
sentment among Timorese at 
what they see as domination of 
East Timor’s economic and po- 
litical development by non-Ti- 
morese. 

The Indonesian Anny and 
police in the territory are com- 
manded by, and largely made 
up of, sm-Timorese. Although 
the governor and most of the 
senior officials in the local ad- 


RatcD fknce/Rmim 

The Guardian editor outside Parliament on Wednesday. 


SLEAZE: Case of the Fake Fax 


Cootimied from Page 1 


The amount of aid pales, however, when 
compared with the estimated $150 billion 
to $200 billion of private-sector assets that 
nationals from the region now hold in 
international money markets. Obviously, 
not all that money is going to return to the 
region, but convincing growth policies 
over the next few years could lure back a 
substantial portion. 


with charges that he personally 
paid members of Parliament to 


Less encouraging are the economics of a 
region whose average per capita income 
growth, in the countries that do not pro- 
duce oil, fluctuated between stagnation 
and 1 percent a year during the whole of 
the 1 980s. And the members of the Organi- 
zation of Petroleum Exporting Countries 
in the region have seen their revenues de- 
cline along with the price of crude. 


paid members of Parliament to 
raise questions helpful to his 
business interests during die 
House of Common’s traditional 
“question period." 

In order to protect Mr. Fayed 
and the hotel from possible 
charges that they were releasing 
private information, however, 
Peter Preston, editor of The 
Guardian, authorized the fake 
fax. 


fax number on his letterhead 
was not his, but The Guard- 
ian’s. It was easy to figure it out 
and he did. When the story be- 


came public this week, the ministration are Timorese, the 
House of Commons jumped on real decision-making power is 


it with relish. 

The prime minister, battered 
by “sleaze" charges for more 
than a year, lashed out at The 
Guardian for “stooping” to the 
standard that “the end justifies 
any means.” 


in the hands of Jakarta and 
non-Timorese bureaucrats who 
staff the upper echelons of the 
central government ministries 
in East Timof. 

Out of a total population of 
around 800,000, between 
100,000 and 200,000 are non- 
Timorese and their number 


over uienexi iew years, nxcraamg muuaiy would nave to provide mucn-necaco zanon oi reiroieum exporting i-ounines Aitken, the MP, and altered it 
assistance, U.S. aid this year to Israel is k*.ow-how and help build institutions rath- in the region have seen their revenues de- t0 appear to be a request from 
$1.8 billion and to Egypt $800 million, ex than simply hand out loan aid. dine along with the price of crude. ^ Aitken aide on parliamenta- 

ry letterhead for a copy of the 
' Ritz bill. They then faxed it to 

TEXAS: Richards Tries Good OV Girt Politics in Race for Governorship sured that it would i appear that 

x Mr. Aitken, not a newspaper, 


l Systematic dec^tion, fraud 7 -^ 0 ,.,^ and number 

Specifically, he said in an in- continues to increase, 

temew, the paper took a letter notv^at we ei^Mt from a free ^ ^ mistTUSl 

it had received earlier from Mr. g”**: declared Tuesday in lwecn -nmwese and non-Ti- 

tken, the MP, and altered it theHouse of Commons. morese is aggravated by cultur- 

appear to be a request from T* speaker called for an ^ differences, narticularlv 


tween Timorese and non-Ti- 
morese is aggravated by cultur- 
al differences, particularly 


emergency debate, winch went religioiL Near ty & Hmonsb 
on for three hours Wednesday, are CathoUcs while an over- 


He said that Indonesian mill- 
tary forces should continue to 
be withdrawn gradually and* 
East Timor given “special sta- 
tus” as a territory within Ind£ 
nesia. 

Analysts said that the “spe- 
cial status” or autonomy pro?, 
posal was under consideration 
in both Jakarta and Dili. 

While human rights groups 
in the West continue to issue 
highly critical reports on the sit- 
uation in East Timor, Western- 
officials familiar with the oper- 
ations of the International 
Committee of the Red Cross in 
the territory said that there had 
been some overall improvement 
in the past year. 

However, Carlos Filipe Xi- 
menes Belo, the outspoken 
Cathohc bishop of Dili, said 
that Timorese had no freedom 
to speak or hold public meet- 
ings, and that there were still 
too many cases of arrests and 
beatings of Timorese by the' 
military and police. 

Although Indonesian offi- 
cials strenuously deay such a 
plan. Bishop Belo said he sus- 


Confhracd from Page 1 

you come home and, man, it's like a house 
afire. You run in there and you get that 
piece of meat and you salt it and season it 
and get it ready to put in the broiler. And 


you toss the salad and put the beans and 
potatoes on the stove. You want it to all be 
nice and hot when he gets home. 

“And the phone doesn't ring. The beans 
get cold. The potatoes get soggy. You’re 
scurrying and scurrying and doing your 


which he was affiliated lost $371 million. 

“This guy’s hounded me on every possi- 
ble issue you can think o £, most of it 
distorted,” she says, defending her deci- 
sion to go negative. Referring to her oppo- 
nent’s lack of experience, she adds: “If 
you’ve got the bucks to buy the TV, you 
can be credible becauseyou can make stuff 
up. Who’s to doubt it?” 

The Bush campaign spokesman in Aus- 
tin, Reggie Bashur, rebuts: “George W. 


damndest. And when he finally comes Bush has a very good business record. 


home, he tells you he’s already eaten. In What is curious is that in the final days of 

aI.:* m tbic narnnaitm n/WPmAT P if4iorr1e bar 


this case, off a silver platter,” said the this campaign. Governor Richards has 
Texas governor who came to national at- nothing to say about her own record in 


tendon with her 1 988 convention quip that office. 


was bom with a silver foot in his 


In the beginning, Ms. Richards and her 
advisers believed that it would not be so 


As the women yell “That’s right!” she hard to dispatch with the eldest Bush son. 
wraps up her metaphor of George W. Bush They laughingly called him “the Shrub.” 


teful, hen per Icing husband, noting But the governor soon found herself in 


scornfully, “And you want to say to him, the same backwash of voter disgust that 
'Where were you when the work was being affected other liberal stars with long re- 


done?’ We can make all the jokes that we cords of public service, like Governor 
want that Georee Bush never was around Mario M. Cuomo of New York and Sena- 


want that George Bush never was around Mario M. Cuomo of New York and Sena- 
when any decision was made, it looks like tor Dianne Femstein of California. 


about an 
Ms. R 


” Mr. Bush, described by the author Rich- 

s argues that Mr. Bush's and Ben Cramer as “the Roman candle of 

• _ . a *1 f n. - 1 :^Li 1-1 J 


record as a businessman, does not qualify the family — bright, hot, a sparkler — and 
Him to be governor. She charges, in a likeliest to burn the fingers,” has run a 

- « . 1. 1 - - .l. 


commercial, that the businesses with polished campaign without any erf the 


flashes of pettiness and temper he was 
known for when his father was president 

Instead, it was Ms. Richards who was 
accused of speaking rashly when she 
talked, in general terms, during a speech 
about building up a record and then hav- 
ing “some jerk” come in and belittle iL 

“What really irritated me about that is I 
didn’t even call him a jerk,” she said as her 
campaign jet headed home to Austin. 

“1 think we’ve reached a point in our 
politics when we don't have any fun any- 
more and it really bothers me a lot” she 
said. “Everybody takes everything you say 
literally and they examine it with a micro- 
scope and hang it up and see how long it 
takes to dry. We’ve wrung all of the per- 
sonality out of our candidates, and they’ve 
lost their verve in the process.” 

She says that as a woman, she has 10 be 
careful not to let her tongue get too sharp. 
While she can flirt with a local politician 
one minute and the next talk tough about 
setting time limits on death row appeals, 
she is not as conservative as Mr. Bush. 

And that contributes to one of the worst 
gender gaps in the country. A recent Texas 
Poll showed Ms. Richards leading by 12 
points among women, but trading by 17 
points among men. 


was seeking the copy — made 
sure the bill was sent 
It was easy for Mr. Aitken to 
figure all tins out: The return 


„ „ Tfc. “ v ““ ww- .umuuuoii utuy 3Uk.Il U 

whelming majority of the non- plan. Bishop Belo said he sus- 
Guanhan and Mr . Preston to a tbbowkom MusUm or Prot- pectcd that Jakarta wanted to 

^ esrams. gradually “Indonesian^” East 

for investigation and perhaps ^ laumt burst Timor. 


for investigation and perhaps 
sanction, theoretically ranging 
from jail to a dressing down to 
nothing at all. The motion 
passed, 313 to 38. 

That debate became a noisy 
argument about just where the 


Potsdam Offers 
Jewish Studies 


offense stood on the scale of can living standards anH pro- 
indignation: Conservatives pre- mote investment.” 


DOLLAR: Slide Stopped by Fed 

Continued from Page 1 a London-based analyst at Ci ! 


sented it as a heinous crime, “a 
forgery,” a “conspiracy,” a 


The Associated Press 

POTSDAM, Germany — 
Germany’s first Jewish studies 


usion requiring criminal aiion with our G-7 partners, 


program was inaugurated 
Wednesday at Potsdam Univer- 
sity in this eastern state capital 
The program director, Karl 
Groezinger, called the occasion 
“a milestone in the history of 
German higher education” dur- 
ing a ceremony at the universi- 


sanction. 

Opposition labor members, 
who regard The Guardian as a 
friend, while not condoning Mr. 


Continued from Page 1 a London-based analyst at Citi- 
n living standards and pro- bank. 

Qte investment” Mr. MacKinnon noted that 

“We will continue to monitor for intervention to have a sus~ 
developments closely in cooper- tained effect ‘it needs to be ~ 
aiion with our G-7 partners," coordinated, it needs to be'.* 
he added. backed by policy chan g e s and 


In Frankfurt, Hans Tiet- it’s got to catch the market 
meyer, president of the Bundes- short, which it’s not,” 


bank, welcomed the Fed’s clear Bon Leven, at J. P. Morgan 


Preston s technique, down- interest in a strong dollar, a & Co ; in New Yorlc said that 


played its seriousness. It was, 
said one, a “mere misuse of sta- 
tionery.” 

As for Mr. Preston, he has 
spent the last few days explain- 
ing himself, both in interviews 


ty, which was restructured after in his paper and in a letter of currency should be stronger. 


East Germany’s dissolution. resignation to Britain's Press Analysts said trading before 
Until now, students at Ger- Complaints Commission, a the intervention had not been 
man universities could only press watchdog committee especially heavy, nor had it 
study Jewish themes in con- composed largely of members beep disorderly, 
junction with religious studies, of the press. Mr. Preston said he “They’re just trying to buy 
The new program is modeled on was resigning to prevent "col- time and not necessarily aiming 


degree programs at American lateral damage” to the commis- at trying to turn the dollar 


and Israeli universities. 


spokesman told Reuters. Washington was “scared of the 
Hie sentiment was echoed in dollar collapsing.” 

Paris, where Economy Minister Both analysts linked the de- 
Edmond Alphand&ry said that cline and the intervention 
the intervention showed that Wednesday to the failed trade 
U.S. authorities believed the talks. Talk in the exchange mar-, 
irrency should be stronger. ket has Japanese exporters- 
Analysts said trading before heavily hedged for an exchange 
e intervention had not been rate of 95 yen. 
pedafly heavy, nor had it In Washington, Trade Rcpre- 
fipdisorderly. sentative Mickey Kan tor said 

they’re just Hying to buy be expected “to move the ball' 
ne and not necessarily aiming forward” in bilateral talks with 
turn the dollar Japan’s trade and foreign min- 
aund, said Neil MacKinnon, isters at meetings dcxl week. 


aiming 


around,” said Neil MacKinnon, 


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INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


^nr 


Sjhjsmouk Warns Tourists to Avoid Cambodia 


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: — Cambo- 

i^s-bcad of state warned tour- 
avoid his counny as the 
-bp^^oC^Uirec Western hos- 
■ taggj tiued rby- -Khmer Rouge 
"rtf^sr^eTe: r ec°vered from 

praxes found near a snmh,-™ 



Zrzrrj." t-p to avoid 
Gambc«ia, shortly before the 
bqqscs were recovered at' Vine 
MowHain; 150 -kilometers (93 
arifts) south of Phnom Penh. 



jThethree — Mark Slater, 28, 
a'Briton f Jean-Michel Braquet, 
ZL ^Frenchman, and David 
. mlsdnj'29, an Australian — 
were taken hostage by the 
. Khmer, Rouge in a train am- 
bush in southern Cambodia on 
Jaty.26. 



forensic tests needed to be per- 
formed in the capital to put the 
identities beyond doubt. 

Meanwhile, a provincial offi- 
cial said Wednesday that 
Khmer Rouge guerrillas last 
week kidnapped 71 villagers in 
a northwest province and exe- 
cuted 50 of them after a four- 
day forced march. 

Seventy-one villagers from 
Kdol Tahen who went into the 
jungle to cut bamboo were tak- 
en hostage on Oct. 22 by about 
20 Khmer Rouge guerrillas, ac- 
cording to Serey Kosal the Bat- 
tambang Province deputy gov- 


ernor. 


I rjif Fbjii 'The- Ann-lined Pr 

Soldiers on Wednesday guarding hospital where bodies of slain hostages were taken. 


- They and three Vie tnam**^ 
and . an unknown number of 
~ " whans were marched to 
r' Vine. Mountain at gun- 
. The three Vietnamese 
^d two Cambodians are also 
believed to have been executed. 

’ The bodies of the Western 
hostages were being taken to 


Phnom Penh on Wednesday 
night Their deaths had been 
confirmed by Lbe Cambodian 
government on Tuesday. 


Information Minister Jens 


Mouly said Wednesday the 

” F *’ - 1 1C * 


Westerners’ bodies were found 
in three graves, about one kilo- 
meter from the Vine Mountain 
base once held by General 


Kidnapping in India 


Is Laid to Separatists 


Delhi Police Hold Pakistani 


• £ ■ 
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■ Ornpdtd by (hr Sufi From Dtipmdia 

NEW DELHI — Separatist 

gashnti'ri rebels train Min Pafc-j- 

stan organized the kidnapping 
of an : American tourist and 
three ‘Britons in New Delhi ear- 
lier this week, officials said 
Wednesday. 

A Pakistani national from 
Karachi was arrested Tuesday 
in . a New Delhi neighborhood 




Jam- 
only 

MusHm-majority state. 

The American and the Brit- 
ons were the first Westerners 
taken hostage in New Delhi 
since the armed Muslim upris- 
ing began in the northern state 
of Kashmir five years ago. 
More than 9,500 people have 
beenJrifled there. 


“•ri.-.T,' 


said. A search continues for 
three accomplices. 

, The man, who gave Ms name 
as Mohammed Nazir Khan , 
during a brief court appearance 
Wednesday, was arrested fbl-- 
lowing the dramatic resemes- of 
the four tourists. Mr. Khan was 
remanded in custody, for two 
weeks on itidnapjpmg and ex- 
pfosivei offenses and -faces:' S 
mmimam 10 years ntraflif ccfr 
victed ". v;:. '.'-fj "• 

; Mr. Kaiishal said at a news , 
conference thaiMr. Khan con- 
fessed he was amember of Har- 
katui Ansar, which India says is; 
a Pakistan-backed Kashmiri 
Muslim group involved in an- 
other kidnapping, that of two 
Britons in Kashmir in June. 

“We hive seized documents 
with lots of Pakistani telephone 
numbers," Mr. Kaushal said. 

, Mr. Khan revealed he was 
trained in Mtoaffarabadruapi- 
tal of the one-third of Kashmir 
under Pakistani rule, and the 
town of Khos in A fgh a ni stan, 
police officials said. 

They said he dipped illegally 
into fndia across the border 
from Pakistan m August and 


- Bela Nuss of San Francisco 
was freed by the police Monday 
and provided information that 
led to a house 145 kilometers 
(90 miles) north of the capital 
where the Britons were being 
held, The Britons were freed 
Tuesday after, a gun battle in 
which two pdticemen and a kid- 
napper were killed. .The police 
said three militants escaped 
during, the shoot-out- At least 
ane-was a Pakistani, Mr. Kau- 
shal said. ; 

'A. previously unheard of 
Kashmiri militant group called. 
Al Hadid cJahoed responsibil- 
ity. Police said Haricatul Ansar 
was* part of AlHadid, which is 
based in Afghanistan. 

• Meanwhile, a leading Kash- 
miri. Muslim separatist leader 
has offered to end the insurgen- 
cy if India provides concrete 
assurances that it will hold a 
on the future of the 
state. 

India at this point of time 
assures, the international com- 
munity that if will hold a plebi- 
scite in Kashmiij we are willing 
to give up arms," Shabir Ahmed 
Shah was quoted as saying in 
Srinagar. 

(AP> Reuters, AFP ) 




' . Tht AnodaUd Proa 

SEOUL — China pr 

^Wednesday to help with a U.S.- 
. /■brokered accord aimed at putr 
^“'l.cdntrols on North Korea’s 


rea abide by its promise to dis- 
mantle its nuclear facilities, and 
for China’s aid in improving 
inter-Korean relations, China is 
North Korea’s only re ma i n ing 

■ t .11., 




officials said. 

Fonani Minister Qum Qi- 
djea of China, meeting with the 
South Korean foreign minister. 


.N- .V 

■ * • 

" ■>' - 


sudear issue could not be foDy 
resolved- without dSalogue be- 
tween the two; Koreas, they 
said. Mr. OLan was accompany- 
ing PriiK Minister Li Peng (Hi 
an officaM visit 

A Sou ^KMtan FotM^ 

Mr. QTayv as trflihg Mr- HaH, 
‘•3iuc t- the agreement was 
zeached^how toimplement it is 
Miaf s impdrtanL/ • ' 

. Mr, Qian was responding to 
Mr; Han’srequest for 
felp in ehsuring that North Ko- 


mirinr Communist ally. 

Despite its denials, North 
Korea is suspected of having a 
nuclear weapons program. It 
agreed last month to freeze and 
eventually dismantle its nuclear 
facilities. . . , • . 

In turn, the United States has 
promised to provide economic 
aid atid diplomatic hnks. The 
deal caHs f or two haht-water 


oeai wui» iw* 

reactors, worth $4 bfflion, to be 
provided to the North lo re- 
place its aged graphite-moder- 
ated -reactors. .’Ebe.niswwr-rwo- 
tats are less useful in obtaining 
bomb-grade plutonium. __ t 
Mr. Han welcomed Chinas 
participation in an internation- 
al consortium to provide the 
new reactors and dismantle the 
old opes. 



In Copter Crash off Yucatan 


L , ~3J* A*odaiatPn& 

! COZUMEL, Medico — A 
helicopter carrying 12.Amen- 
toarists. and an Italian ra- 
4iced,-ab0ut:a mechmical 
^retoammfs ^before phmgmg 
• mto the sea off dhs Meacan 
Wand resorit •fltitBorities s® 1 * 
Wednesday. 


the Mexican. Wtot w«e recov^ 
Qred ^wrtlyafto.iltebdiccpter 
weoYdown Tuesday afternoon. 
Tbreebther touristswwJ miss- 


ing, and presumed dead, U.S. 
consular dffidals said. 

•The helicopter was ^nng 
back to a cruise ship from Mex- 
ico's Yucatan Peninsula along 
ajciolhcr Bell 212 hdirap!® 
when it went down m 
b^, the p<iice said. The other 

helicopter landed safety. ^ 
Bhrian Wilson, a vduntwr m- 

volvoi ia 


volved in the searen, 
into the sea. 


Noun Pact and the Khmer 
Rouge. 

General Paet, said lo have 
ordered their execution in Sep- 
tember, escaped the base after it 
was overrun by troops last 
week. 

A senior Cambodian Army 
officer said Wednesday that the 
Westerners’ were bound with 
rope and shot at close range. 


Embassy officials from Aus- 
tralia, France and Britain, trav- 
eling in armored cars, visited 
the graves on Wednesday to 
help identify the badly decom- 
posed bodies. 

The Cambodian government 
has said the bodies are certainly 
the Westerners' remains, but 
Australia's ambassador to 
Phnom Penh. Tonv Kevin, said 


The deaths of the three tour- 
ists was the second tragedy in- 
volving Western hostages this 
year. In September, the remains 
of an Australian and two Brit- 
ish hostages were found. The 
discovery evoked angry reac- 
tions from inside and outside 
the country. 

The U.S. Embassy in Phnom 
Penh condemned what it called 
the “the brutal murder by the 
Khmer Rouge of three innocent 
tourists.” and Mr. Kevin, the 
Australian ambassador, called 
on the Cambodian government 
to spare no effort to find the 
murderers. 


Japan Adopts Electoral Reform 


Star York T:mn Service 

TOKYO — After more than four years of 
battling, the lower house of Parliament 
adopted final legislation on Wednesday creat- 
ing a new electoral system and tougher cam- 
paign financing laws, part of a long promised 
effort to clean up Japan's politics. 

Passage of the bills, which included de- 
tailed outlines of the 300 new electoral dis- 
tricts, means that the bitterly contested laws 
can take effect in December. 

As a result, it is certain that the next parlia- 
mentary elections will be held under the new 


system, and thus could profoundly alter the 


balance or power in the Parliament and fur- 
ther realign the battered party system. 

The three bills finalized Wednesday were 
passed in outline in January. The laws will 


transform the election system from one in 
which from three to six representatives arc 
elected for each district to one in which a 
single representative will be elected from each 
district. There will also be 200 representatives 
elected from party lineups. Overall, that will 
reduce the size of the lower house of Parlia- 
ment to 550 seats; from 511. 

The laws will also restrict the amounts 
corporations can donate to campaigns and 
levy heavier penalties against those who vio- 
late the financing laws. Another provision 
will proride for partial public financing of 
election campaigns. 

It Is widely expected that the new system 
will reduce the number of parties represented 
in Parliament and eventually create a two- 
party system. 


Parties Agree on Atom Bomb Compensation 


A genre France- Preme 


Mr. Kevin said the bodies 
would be repatriated quickly so 
that “the families can mourn 
them privately and properly.” 

(Reiners, AP) 


TOKYO — The Japanese Parliament's coali- 
tion partners reached agreement Wednesday on 
a measure that would compensate victims of the 
1945 atomic bombings. 

The bill calls on the government to pay 
100,000 yen (51.000) in one-time compensation 
to a person who was injured or lost family 
members in the atomic bombings. 

Under the measure, which is expected to be- 
come law in the current session of Parliament, at 
least 230,000 people will receive compensation, 
officials said. 


The agreement was reached between the Lib- 
eral Democratic Party, the Social Democratic 
Party and the Japan New Party Sakigake. 

Hiroshima and Nagasaki were devastated by 
U.S. atomic bombs in the closing stages of World 
WarH. 


The decision averted a potential government 
crisis, since a failure in the negotiations could 
have weakened the power base of Prime Minister 
Tonuichi Murayama’s coalition cabinet. 


There had been a wide gap in positions over . 
the scope of compensation in several rounds of 
talks among the three parties. But an official with 
the Liberal Democrats said the party had 
reached a compromise with the Social Demo- 
crats to maintain the coalition, which was 
formed in late June. 

The chief cabinet secretary. Kozo lgarashi, 1 
said that Korean residents in Japan who suffered 
in the atomic h omin gs would also receive 
compensation. 


sli 




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Page 6 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


Bonn Ponders Pardon for a jailed Terrorist 


Case of Red Army Member Is Political as Well as Judicial 


By Rick Atkinson 

,< Washington Post Service 

■ BERLIN — For more than two de- 
cades, Irmgaxd Moller has given no 
quarter and shown no remorse. Not 
when she swapped the values of a privi- 
leged middle-class mil for those of a 
radical leftist Not when she killed three 
U.S. soldiers in a 1972 bombing. Not 
when she was sentenced to life in prison 
'tor murder. 

'« And not now, when authorities are 
■Contemplating whether to set her free 
“after 22 years in jail 

A founding member of the Baader- 
Meinhof gang, later known as the Red 
Army Faction, Miss MdUer remains un- 
repentant regarding both her violent 
past and her victims. Der Spiegel maga- 
zine last week quoted her as asserting 
that "the armed struggle was legiti- 
mate." 

Nevertheless, Miss MODer has be- 
come a cause celfcbre and her release is 
loudly supported by clergy, writers, poli- 
ticians and her warden. Now 47 and the 
longest-serving female inmate in Ger- 
many, sbe is also a martyr of the far left, 
having survived 12 hunger strikes and a 
mass suicide that claimed the lives of 
other Baader-Meinbof leaders in 1977. 

Although the German press has pre- 
dicted Miss Mailer's immin ent parole, 
the issue likely will be deferred until 
mid-November, according to Judge 
Klaus Fink of the slate court in Lubeck, 
where she is serving her sentence. Prose- 
cutors, defense attorneys and other au- 
thorities must first meet to consider her 
petition for early release and review her 
psychological evaluation, Mr. Fink add- 
ed. 


Miss MOller refused to cooperate with 
the evaluation, reportedly saying that It 
was only intended to prove that "anyone 
hens who dares to show resistance most 
obviously be rick." Bat on the basis of 
observing her behavior at various legal 
proceedings, a court-appointed psychol- 
ogist recently concluded that she no 
longer poses a threat to society. 

The Moller case has ramifications be- 


yond the fundamental question of when 
justice should be tempered with mercy. 
Bonn has forged a fragile peace with the 
Red Army Faction, which waged a 20- 
year "struggle against imperialism and 
monopoly capitalism.” The radical left 
has not killed anyone since 1991, with 
the exception of a botched arrest last 
year that left a policeman and a fugitive 
terrorist dead. 


Freeing Miss Moller may be promot- 
ed as a token of good faith by govern- 
ment authorities. Some legal experts 
predict that her parole will be followed 
by the release of other Red Army Fac- 
tion stalwarts. Seven others still in jail 
have served at least 15 years each. 

The German judicial system has been 
accused in recent years of being “blind 
in the right eye," that is, showing lenien- 
cy in the prosecution and sentencing of 
far rightist or xenophobic offenders 
while cracking down on radical leftists. 

But in trying to balance justice with 
the government's desire to nurture do- 
mestic tranquillity, a willingness to for- 
give, if not forget, has gained momen- 
tum. On OcL 21, German officials 
released Ingrid Jakobsmeier, 40, who 
had served two-thirds of a 15-year sen- 
tence for a 1981 Red Army attack on 


Ramstein Air Base that wounded 17. 
people. 

In May, outgoing President Richard 
von WeizsScker pardoned Bernhard 
Rfissner, who had served 19 years for a 
1975 Red Army attack on the Goman 
Embassy in Stockholm in which four 
people were killed. Two other faction 
members, jailed for the 1987 bombing of 
an aviation plant in southern Germany, 
were paroled last year after renouncing 
violence. 

The federal prosecutor’s office m 
Karlsruhe says that 17 Red Army mem- 
bers are still in German prisons. Anoth- 
er seven are being sought for violent 
crimes, according to the Federal Crime 
Office.” 

Those still at large have remained 
mostly dormant. Responding to govern- 
ment peace feelers, the Red Army issued 
a statement in 1992 pledging to "no 
longer attack leading representatives of 
the economy and the state” while await- 
ing further moves from Boon. That un- 
easy arrangement has more or less held, 
although the Red Army last year blew 
up a S 100 million prison shortly before 
its grand opening. 

The path to a political solution has 
been somewhat complicated by infor- 
mation obtained from the files of the 
Stasi, the former East Ge rman secret 
police, and testimony from former Red 
Army members who had taken refuge in 
the East 

That evidence has led to new charges 
and new trials, threatening to reopen did 
wounds. Last November, for example, 
Rolf Klemens Wagner, already serving a 
life sentence for the 1977 murder of a 
German business executive, was given 


another life term for the attempted as- 
sassination of General Alexander M. 
Haig when be was the supreme com- 
mander of the North Atlantic Treaty 
Organization. 

thus Miss Mailer's case carries politi- 
cal as well as judicial significance. 

She was arrested in the May 24, 1972, 
attack on the U.S. base in Heidelberg in 
which three U.S. soldiers were killed 
when she and a companion drove two 
explosives- laden cars onto the base. She 
has been in jail ever since. 

When asked in a 1992 interview if she 
feds sympathy for Red Army Fusion 
victims, Miss Moller replied, “I can’t 
deal with this personally or individual- 
ly.” 

■ Bonn Bars U.S. Influence 

A German court win not be influ- 
enced by the U.S. government in decid- 
ing whether to release Miss Moller, a 
spokesman said Wednesday, according 
to The Associated Press in Bonn. 

The U.S. State Department said Tues- 
day regarding the M6Uer case that it 
opposed freeing leftist terrorists who 
have shown no remorse. David Johnson 
of the U.S. State Department said in 
Washington: "We consider politically 
motivated attacks on noncombatants as 
terrorism, and not as a legitimate part of 
an ‘armed struggle,’ as she is reported to 
have suggested.” 

Responding Wednesday, Wolfgang 
Neskovic, spokesman for Schleswig- 
Holstein state court in Ltibeck, said: 
"The court bases its decision not on the 
statements of whatever politicians, but 
on the fulfillment of legal precondi- 
tions ” He said the court hoped to make 
a decision before the end of the month 
on Miss Moller^ request, and that one 
of the considerations was whether she is 
likely to commit more crimes if released. 



K*in LaBwqw/iUanv 

KID-GLOVE TREATMENT — ^ President Ion ffiescu of Romania with reporters 
Wednesday in London after meeting Prime Mintster John Major. He said he would 
pardon a British couple sentenced to prison for toying to smuggle a baby ont of Romania. 


Kohl and Allies Resume Coalition Talks Stalled Over a Tax 

Reuters agree on major contentious is- will reintroduce in January to 

BONN — Chancellor Hel- sues, including wider survefi- help reduce Germany’s rising 

mui Kohl’s Christian Demo lance powers for the police and budget deficits, also remained a 
crats and their liberal Free easier citizenship for millions of major hurdle. 

Democratic allies resumed co- foreign residents. Mr. Kohl was “We believe a clear time limtl 

alition negotiations on Wednes- re-elected on Oct. 16 with a must be set for the solidarity 
day, still squabbling about a greatly reduced majority. surcharge," said Werner Hoyer, 
proposed income tax surcharge. Politicians from both camps general secretary of the Free 
Negotiations on a new coali- made it clear that the 7.5 per- Democrats. His mainly middle- 
tion were adjourned Saturday cent “solidarity surcharge” on class, pro-business party favors 

after the two sides failed to income tax, which Mr. Kohl lean government and low taxes. 


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Spaniards Lament Ruining of the Bulls 


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Nete York Times Service 

MADRID — From prehistoric cave 
paintings to Picasso murals, bubs have 
always been associated with Spam's na- 
tional imagery. Or so almost everyone in 
Spain is now passionately affirming since 
die Ministry of Public Works has con- 
demned dozens of huge metal cutouts of 
bulls that dot the countryside. 

Weighing more than four rims, they 
stand about 40 square feet (3.6 square 
meters) and have loomed on hills, plains, 
cliffs, farmlands, and vineyards since 1957 
as advertisements for a brandy called Ve- 
terano. 

For the vast majority of Spaniards, the 
bulls, 97 of them, nave become part of the 
nation's cultural and artistic heritage. But 
for the Public Works Ministry and the 
European Union, the black silhouettes are 
mere advertising, and in 1988 the govern- 
ment banned all the billboards as safety 
hazards. 

Because legislation was unclear about 
nonwritten advertisements, the bulls 
gained a reprieve after Osborne, an Anda- 


lusian wine and spirits company that owns 
the metal billboards, painted over the red- 
lettered brand name. In September, how- 
ever, the government banned all types of 
advertising or advertising symbols that are 
visible from highways. 

As Osborne appealed to the Supreme 
Court, a national debate has risen in de- 
fense of the endangered national symbol 
An association called Espaha Abierta, or 
Open Spain, demanded that the bulls be 
declared part of Spain's artistic patrimony. 

“The Osborne bull is one of the most 
original symbols that advertising has ever 
produced, becoming a unique and solid 
reference to our collective consciousness," 
said Agapito Pageo, the chairman of Espa- 
na Abierta. 

After weeks of passionate debate on 
television and radio talk shows, during 
which intellectuals and artists joined the 
bandwagon, the Andalusian regional gov- 
ernment announced plans on OcL 13 to 
catalogue the bulls as part of the region’s 
cultural heritage, thereby rescuing 20. 


Hundreds of towns have offered to install 
bulls on municipal land, safe from high- 
way jurisdiction. 

To Bigas Luna, the Catalonian film di- 
rector who used one of the giant bulls as a 
backdrop for his movie “Jamon, Jamon" 
in 1992, “the Osborne bull is contempo- 
rary art” So Mr. Luna offered to buy all 
the endangered 97 bulls and install them as 
an outdoor museum in Monegros, a barren 
hilly area in northeastern Spain where the 
movie was filmed. Osborne said it would 
consider any offer if all amnesty efforts 
failed. 

Despite the grass-roots support for the 
bulls, the Public Works Ministry argued it 
had no power to determine exceptions to 
the law. A spokesman said the highway 
department would await the Supreme 
Court’s ruling, a process that will give the 
bulls another reprieve of about three years. 

In the meantime, Osborne and bull 
ers hope that other regional government 
will also declare the roadside silhouettes 
works of art. 


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Page 7 


;/ Raymond Bonner 

■ini** A l ^Tww^emcf 


s Freely in Ruined Rwanda, but the Government Gets Barely a Drop 


, gC4ebni Virtual]* eyoy mto™ 


Erdnt OF flu. vm* . J ™ qow m toe 
bu3dui S ls shattered; offices 


b^t£ 0 iS >ple worfced ® «** building 
■ ?*5 «x*ay. there are 2 f 

;. *“ e ‘j usll cc miiusta' T Alphonse NVuhitA 
5 ^«Pay them thriTffi? 

1 ***«. t^gtohiremoS *“ 

s y 5le m to punish the kflleil 

fttJ sastw <0 cm. ss 




• *!S?S counfry. 


; Jm at *b e Jus dce Minisiry is re- 
. pealed at the ministries of public works. 


mtenor, education and the promotion of 
women, whose multistory shells of offices 
inarch along both sides of Umuganda Bou- 
levard, east of downtown Kigali. An occa- 
sional worker crosses to a nearby office by 
walking out a broken window onto the 
balcony. 

. Todays this tiny country is Hooded with 
international relief. The world's govern- 
ments have contributed $384 million to the 
United Nations for what is called the 
Rwanda crisis, and the streets of the capi- 
tal arc crowded with white vehicles from 
nearly every UN agency. And there are 
toore than 100 nongovernmental relief 
agencies from around the world working 
here, from African to World Vision. 

But from this sea of international aid, 
there has been barely a drop for the new 
Rwandan government 

Almost every day, Mr. NkubilO said. 


another relief organization calls on him, 
asking him what he needs. Finally, he 
prepared a memo, which he has had to type 
repeatedly since he has no copy machine. 
His needs run from vehicles to typewriters 
and paper, to say nothing of glass. 

“Up to this day, I have not received one 
thing,” he said in an interview. 

Even senior UN officials think that the 
international aid is not being well spent. 
“If 1 were a taxpayer, I would want to 
know what are you doing with the $384 
million,” said Shabajyr Khan, the ranking 
UN official here. Much of the money is 
going to caring for refugees and establish- 
ing long-term programs rather than to re- 
building the structure of the government. 

The millions being spent on the refugees 
was “very necessary,” he said, but it was 
equally critical for money to be made 
available for toe government so that it 


could begin to provide rudimentary ser- 
vices. “1 think the donor co mmuni ty 
should look at what is really needed,” Mr. 
Khan said. 

The windows in the airport control tow- 
er, shattered during the civil war, are still 
boarded up. It would cost S30.000 to put in 
new glass. The United Nations does not 
have the money. 

The power company needs S2 10.000 to 


pay workers for three months, the time 
needed to restore power throughout the 
country. The UN operation here cannot 
come up with that money either. 

Nor can the government. The banks and 
treasury were looted by the former officials 
as they fled. Without money to pay sala- 
ries. the government has assigned soldiers 
to most civil functions, from traffic control 
to customs inspections. 


The situation is made worse because 
even the army is not being paid. This 
means that soldiers are finding other ways 
to get money. In the capital soldiers have 
taken over several houses, abandoned by 
occupants who fled, and are renting theip 
for profiL Soldiers are also in charge of 
many prisons because the Justice Ministry 
has no money to run them, Mr. Nkubito 
said. * 



rica Cuts Pay of Senior Officials 


By Bill Keller 

New York Tuna Service 
. .JOHANNESBURG — Stung by 
of fo&J-bvmg officials and pressed byin- 
. heated debts, President Nelson Mandela's 
government has announced austerity mea- 
mcluding cutting the pay of top 
dected officials, whittling down the Civil 
^Service and selling some state-owned busi- 


changes, ^ announced by Thabo 
.Mbeki, Mr. Mandela’s first deputy, were a 
response to growing public disillusionment 
with South Africa's first freely elected gov- 
ernment. ° 

. Many people feel that the government 
has preached patience and discipline to the 
public, while reveling in the comforts of 
power. 

Mr. Mbeki said the cuts were intended 
to change the government into a “leaner 
and more effective catalyst” for delivering 
social programs and economic growth. 

He said that Mr. Mandela and his two 
deputy presidents would take a 20 percent 
pay cut — the president* s salary would fall 
■from $163,000 to $130,000 — and that 


lower-ranking public officials would lose 
up to 10 percent of their pay. 

The pay cuts, while largely symbolic, are 
intended to restore public confidence in 
the government’s devotion to the poor, 
which has flagged in the face of indignant 
press accounts of lavish salaries. Concorde 
trips, new official silverware and free- 
spending bodyguards. 

Mr. Mandela, who has been on vacation, 
chafed in a recent interview over the diffi- 
culty of calling for public sacrifice when no 
one believes that the government is setting 
an example. 

“We have this problem: we have the 
high salaries and we are living in luxury,” 
he said. “That destroys your capacity to 
speak in a forthright manner and tell peo- 
ple to tighten their belts.” 

Potentially far more important than the 
pay cuts were the vows to shake up the 
Civil Service and to begin privatizing state 
companies. 

The savings would go to reduce a stran- 
gling national debt incurred by toe former 
white government. 

There was no indication which of many 
government assets would be sold. During 


the decades of white rule, the government 
developed a valuable list of state-owned 
enterprises, including South African Air- 
ways. electrical and telephone utilities, 
railroads, an oil exploration company, and 
a chain of resorts. 

The interest in privatizing some of these 
companies is a remarkable twist for Mr. 
Mandela's African National Congress, 
which until recently favored the reverse — 
nationalizing private enterprises as a way 
of redistributing white wealth. 

Converted to toe doctrines of fiscal dis- 
cipline and free markets, Mr. Mandela and 
other lop officials now argue that selling 
off government companies not only would 
raise money for social programs but also 
could be a way to attract foreign invest- 
ment and create more black capitalists. 

Mr. Mandela’s party has been ridiculed 
by its allies because one of its first acts was 
to accept a pay raise recommended by a 
commission of the departing government 

“Someone has observed that they 
stopped toe gravy train only long enough 
to get on,” said Archbishop Desmond 
Tutu, the Anglican leader and Noble Peace 
Prize laureate. 


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Mozambique Vote Apparently ‘Free and Fair,’ Observers Assert 


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MAPUTO, Mozambique — 
A UN special representative, 
Aldo Ajelio, said Wednesday 
that voting in Mozambique’s 
first multiparty election ap- 
peared to have been free and 
fair. 


4 -' The United Nations observa-, 
lion would not support any pos- 
aWe claim of fraud qr intixmda 1 
*ion that could have- affected 
the, credibility of- the- elections, - 
according to a prefiminaiy re- 


port read by Mr. Ajelio at a 
news conference. 

His statement and a similar 
one by observers from toe Eu- 
ropean Union would pressure 
the Mozambique National Re- 
; tistarice, or Renaroo, to accept 
the election results, which so far 
show it running a distant sec- 
ond in both, the presidential and 
Parliament voting. 

lie former rebel group had 
claimed irreg ularities in voter 
registration . and other prob- 
lems, but agreed to accept the 


result if toe international com- 
munity ruled toe three-day elec- 
tion free and fair. 

“The voting can be described 
as having been carried out 
peacefully and with integrity,” 
said Mr. Ajelio, who headed toe 
6,000-member UN military op- 
eration that provided security 
in Mozambique and helped to 
set up the vote. 

He said the 2,300 UN observ- 
ers at polling stations through- 
out the country had received 
“no information about any ma- 


jor irregularity, incident or 
breach of toe electoral law 
which could have adversely af- 
fected toe validity of the elec- 
tions.” 

An official pronouncement 
on toe fairness of the election 
would come only after toe vole- 
counting had been completed, 
Mr. Ajelio said 


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Page 8 


THURSDAY, NOVEMBER 3, 1994 


OPINION 


INTERNATIONAL 



(tribune 


PtahUshaJ With The Nn* York TimrH and Tbc Waihinflon Rm 


China After the Emperor 


In a Communist state one point of 
deep vulnerability is the recurrent crisis 
of succession. It is like the politics of an 
absolute monarchy in which everything 
i on who inherits the throne. But, 
a monarchy’s, China’s rules of 
inheritance are always in contention. 
Deng Xiaoping, who has held the ulti- 
mate power in China for 16 years, is now 
slowly dying. His grip has failed to a 
point at which open competition has bro- 
ken out among the many factions vying 
to name his successor. 

The key question for the Chinese is 
whether the economic reforms will con- 
tinue under the next emperor. It was Mr. 
Deng who relaxed the central govern- 
ment’s control over economic lue and 
began to move the country toward open 
markets. The results have been spectacu- 
lar. Since 1980, according to the World 
Bant, the country’s output has been ris- 
ing by more chan 9 percent a year — three 
times the worldwide average, and a rate 
slightly better than Japan’s in the steepest 
phase of its ascent a generation ago. 

Rapid growth imposes fierce strains on 
any society and inevitably threatens the 
exis ting distribution of power. Not every- 
one in the Communist leadership wel- 
comes it But you have to be skeptical 
about the proposition, incautiously taken 
for granted by many Americans, that 


open markets will quickly and directly 
bring political democracy. Two smaller 
Asian countries. South Korea and Tai- 
wan, grew rich under highly authoritarian 
governments and only very recently have 
begun to turn convincingly toward de- 
mocracy. The pressures For more open 
government in China are substantial, but 
whether they will triumph in this decade, ' 
or even in this generation, is no more 
easily predictable than anything else 
about the coming succession. 

China’s brilliant progress toward ; 
er prosperity is often contrasted wit 
current turbulence and instability in Rus- 
sia. Bui Russia has (me important advan- 
tage. In abandoning one-party rule and 
taking that crucial step toward democracy, 
it has begun to develop a style of govern- 
ment that will probably prove better suited 
than China's to riding through the enor- 
mous social dislocations and stresses that 
both countries are encountering. 

In choosing China’s next emperor, the 
Communist Party, which is by no means 
of one mind on the subject, faces a dire 
choice. Maintaining traditional political 
control means much slower growth, just 
as continued fast growth requires a fur- 
ther relaxation of control. That is the 
choice around which Chinese politics 
now revolves. 

— THE WASHINGTON POST. 


Exploiting Honest Grief 


Families of murder victims have heart- 
breaking stories to tell, but candidates for 
political - office all over America are dis- 
playing a distasteful tendency to exploit 
these stories for their own benefit. This is 
a shameful new form of victim abuse. The 
shame is compounded when the politi- 
cian fraudulently uses a family’s bereave- 
ment to argue for the death penalty and 
to depict an opponent as soft on crime. 

Take the Florida commercial in which 
Jeb Bush, running for governor, attacks 
the incumbent, Lawton Chiles. It shows 
the mother of a 10-year-old murder vic- 
tim, Elisa Nelson, who says that Lany 
Mann, convicted of Elisa’s lolling 14 
years ago, “is still on death row and we're 
still waiting for justice:” She adds: “We 
won't get it from Lawton Chiles because 
he’s too liberal on crime." 

The complaint is that Mr. Chiles has 
not signed a new death warrant to replace 
the expired warrant signed in I98o. But 
signing a new warrant would not speed 
the execution, since, as the governor ex- 
plains. the case is still on appeal in the 
courts. Ibis, then, is a bad rap on Mr. 
Chiles even among those who lust for 
executions, since eight killers have been 
executed during his term. 

New Yorkers have been exposed to a 
similar case of false packaging. Attacking 
Governor Mario Cuomo’s opposition to 
the death penalty, the Republican chal- 
lenger George Pa tala's campaign pro- 
duced an ad that blamed a particular 
murder on Mr. Cuomo’s allegedly soft 


parole policies. On camera is Carol 
McCauliff of Red Hook, Brooklyn, de- 
scribing the murder of bar son. “I blame 
it. all on Cuomo and his policies," she 
says, adding: “Cuomo does not care 
about the vic tims of crimes He cares 
about the c riminals ." Yet state records 
show that the killer, although he had been 
paroled, was not on parole at the time of 
the crime. His full sentence had ended 
before the murder, so he would have been 
free in any event. 

Not all victim f amilie s agitate for the 
death penalty, and one Cuomo ad makes 
a worthy point about an effective but 
largely ignored way to decrease murders. 
The ad features one victim and a relative 
of two other victims in the shootings on 
the Long Island Rail Road last December. 
Carolyn McCarthy, whose husband was 
killed and whose son was partly paralyzed, 
argues not for capital punishment but for a 
state ban on assault weapons that the 
governor seeks. “He's been fighting so 
hard to get this bill passed," Ms. McCar- 
thy says. “I don't understand why the 
Republicans — and Tma Republican, and 
this really hurts — they’re fighting this." 

The grief and anger of family members 
in the death penalty ads is real, but its 
exploitation is cynical and unworthy. 
Most of the ads insult the intelhgeuce of 
viewers, and some of them are plain 
wrong as to the facts. Viewers cannot 
stop the tawdry show, but they 
change channels. 

— THE NEW YORK TIMES. 


can 


Gentlemen All 


On one of the Sunday morning inter- 
view shows, presidential adviser George 
Stephanopoulos referred several times to 
the person charged with firing a semiau- 
tomatic rifle at the White House as the 
“gentleman.” That would seem an odd 
use of the word, but oddly enough it isn’t 
anymore. The term is regularly employed 
these days by police officers and law 
enforcement spokesmen to describe sus- 
pected bank robbers, housebreakers, ho- 
micidal maniacs and caij ackers they have 
nabbed, as well as whatever free-ranging 
felons they might be tracking at the mo- 
ment. (“The gentleman was last seen 
wearing a ski mask and firing at random 
from a pickup truck on 1-63") 

Our dictionary has a number of defini- 
tions for “gentleman." The first is “a man 
of good family, breeding or social posi- 
tion." Among the othms are “a civilized, 
educated, sensitive, or well-mannered 
man" (No. 4) and “a male attendant 
upon a long, queen or other royal person" 
(No. 6). None seems to exactly fit the 
category of violent criminal. 

It is possible that the transformation 
of suspects into gentlemen (assuming 


that it isn’t just a case of the police being 
sarcastic) is part of the trend toward a 
more expansive view of due process, 
which has been a matter of continuing 
concern ever since Sergeant Joe Friday 
started advising suspects of their Mir- 
anda rights. Thus, a defendant might be 
entitled not only to a lawyer and the 
presumption of innocence but to the 
supposition that he could just as well be 
a fine fellow and a civilized, educated, 
well-mannered pillar of the community 
— at least until his trial, after which he 
may be known as an ax murderer. 

Eventually, the dictionary will proba- 
bly have to bow to current usage and 
add a new definition, something on the 
order of: “any male person not actually 
convicted of a serious crime or whose 
conviction was not overturned on ap- 
peal." Purists will blanch, but the Amer- 
ican electorate, in its current sour mood, 
would probably consider it quite appro- 
priate if the new line were inserted right 
after definition No. 8 as it now appears 
in the dictionary: gentleman — “a male 
member of the U.S. Congress." 

— THE WASHINGTON POST. 


Other Comment 

North Korea: Building Trust 


We have had objectives through these 
16 months of negotiations that were pret- 
ty dear. Overall, we’ve characterized 
than as a nuclear-free Korean Peninsula, 
but the subtext to that was to deal with 
problems which we can roughly charac- 
terize as problems that relate to the past 
activity of the North Koreans, the cur- 
rent nudear program and the direction 


that the program was headed in the fu- 
ture. And we think the framework docu- 
ment that we negotiated addresses ail 
three of these areas of their program. 

The agreement is not, as thepresident 
said, based on trust. Maybe it'll produce 
trust, but it’s not based on trust. It’s 
based on verified compliance. And well 
be watching all along the way. 

— Robert CaUucd, chief US. negotiator, 
as quoted by The Washington Post. 



International Herald Tribune 

ESTABLISHED 18X7 

KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 
Ca-Chalrmen 

RICHARD McCLEAN, Publisher <£ Chief Executive 
JOHN VINOCLTR. Exenuhr Editor & VaPrautae 
■ WALTER WELLS. Nan b&or • SAMUEL ABT. KATHERINE KNORR aid 
CHARLES NtfICHELMORE, Deputy Editors • CARL GEWIKTZ. Ass vim? fifew 
• ROBERT!. DONAHUE EdUnrafthcEdurndPit^ •JONATHAN GAGE Business and finance Ej&or 
• REN£ BONDY. Derwry Publisher* JAMES McLEOD, Aduemsng Dinar*- 
•JUANITA L CASPAJZlfraernan/ncd Oe\ekfmaa Direcu* ■ ROBERT FARRB, OradaknDircaor. Europe 

Dimmrde la PuNuuthm: Rkturd D. Sbnmncu 
DimteurAJjtiiatiielu Ptihlktain Katharine P. Damn- 


Japan’s Anti-War Constitution Was and Remains Wise f 


T OKYO — - Calls for Japan, as an as- 
piring permanent member of the UN 
Security Council, to play a more active 
role in United Nations military activities 
are dangerous. They ignore the anti-war 
clause in Japan’s constitution. Worse, they 
ignore the reasons why the Allied powers, 
the United States especially, insisted on 
that clause in the first place. 

In 1943, the Allies accepted that mili- 
taristic Japan was not quite in the same 
category as Nazi Germany. Important 
elements in Japan had trial to counter 
the militarists. To some extent Japanese 
aggressions were moves to counter earlier 
Western expansion into Asia. So Japan 
was allowed to retain its emperor system, 
and purges of top Japanese were not as 
thorough as they might have been. 

The war had also revealed the com- 
plete inability of the Japanese govern- 
ment to control its militaiy, and the emo- 
tional ease with which the Japanese 
people could be led into all manner of 

hysterical militaristic excess once the mil- 
itary did gain control. 


By Gregory Clark 


It was for these good reasons that 
Japan, unlike Germany, was forced by 
its postwar constitution to “forever re- 
nounce war as a sovereign right of the 
nation arid the threat or use of force as a 
means of settling international disputes." 

Nothing has happened since 1943 to 
change those reasons. The Japanese are 
still a highly emotional people — witness 
the recent land and share booms, for ex- 
ample. And as in the past, the government 
is stiH unable to control its ministries. 

In Japan’s tribally cellular society, 
groups put ihdr own interests, survival 
and expansion ahead of aQ else. If rival 
groups compete there Is a kind of rough 
control, but without competition the cells 
expand cancerously, to the point where 
they can easily dominate the entire body 
politic. That is what happened with the 
prewar militaiy. It could happen again. 

Even in postwar, pacifist Japan it is 
taken for granted that the military can 


im pose total loyalty and indoctrination 
on its members; that, after all, is what 
other groups do to guarantee their otis- 
tence. Most also accept that the military 
is entitled to boost its prestige and mo- 
rale. Every move to send forces abroad 
for peacekeeping operations and other 
purposes, even a few minesweepers into 
the Gulf, is used for heavy chest-puffing 


The West could influence the outcome 
of this struggle. Out of ignorance and 
misplaced zeal, the Western media have 
backed Mr. Ozawa’s activism and pooh- 
poohed the current Socialist/ LDP coali- 
tion go vernm ent Die media should do 
more homework- 

Meanwhile, Tokyo should be encour- 
d to stick to its low-posture policies in 
United Nations and elsewhere. Japan 


publicity, calls on the prime minister and the United Nations ana 

patriotic Bag-waving. H has in the past pushed hard for audear 

Japan isat a crucial evolutionary sta^e. disarmament It was bang the estabhsh- 

n !•> anH narfiK 


The “tribal” political factions and parties 
are gradually merging into Western-style 
parties. A key issue is whether the anti- 
war constitution should be revised to 
allow Japan to play a more activist mili- 
tary role in the United Nations etc. 

The Socialists and liberal elements 
from the formerly dominant Liberal 
Democratic Party or elsewhere are grad- 
ually forcing themselves into a pro-con- 
stitution, anti-activist bloc. Others, cen- 
tered on the former LDP power broker 
Idnro Ozawa, use the banner of national 
reform to push in the opposite direction. 


meat of a United Nations register of all 
anus sales. It could go one stage further; 
propose that future UN military spend- 
ing be met mainly by the nations that 
profited from those aims sales. 

Many in Asia are less than happy to sec 
the Japanese militaiy flexing muscle. Mr. 
Ozawa has gained much favorable publici- 
ty in the West over his call for Japan to 
behave as an “ordinary” nation in world 
affairs. Japan is not an ordinary nation. 
The West had the wisdom to know tins in 
1945. It should keep to that wisdom. 

International Herald Tribune,. 


imemaikra] Herald Tribune. ]g[ Avenue Chariis-dt-Gflilk. 92521 NariDy -sur- Seme. France. 
TeL : ( 1 1 46J7.9&00. Fax ; Cue, 46-371 16.5 1 ; Adv.. 4W7 51 1 1 Internet [HT^’anokonue 

Editr ft* Asia: Michael Rtrkmhn. 5 C nerhm RtL &njnfw 0511. TeL (ri5| 472-77611. Far <651 274-2334 
Mag. Dir. Asia. RrfD. KnnepuhL 50 Onurter OL font TeL X52-V22-IM Far WMEWflfi 
Gen. Mur. Gewnrc T & Afaw. Frinlnchnr. 15. H8U FneituntM. TeL tfW) 72 6 755. Far riW 72 73 10 
Pn*.US _• AfiWOmw. .K» Third Avr.. AW York N.Y. IU021 Tei. (J/Jj 7523m Far <2l2l 7S54EB5 
U.K. Advertising Office: 63 bmx Acre. Limjan WC2. Tei. (07 li H36-4SD2 Far (07// 240-2254. 
S.A. mi capital de I.2U0.000 F. KCS Nanterre ft 7 <2021 1 26. Cmmiisiiw Pariiaire Nu. 61337 
K- /W. btemmnd Hmdd Trihaw. A3 ritfi » nvned ESN: U2MS152. 



Iraq: When Clear Conditions Are Met, Embargoes Should Be Lifted 


P ARIS — After four years of a 
strict embargo and at a time 
whoa there were signs of progress 
toward the lifting of sanctions on 
its cal exports, Baghdad, flying in 
the face of all logic, indulged in 
an irresponsible provocation by 
moving three elite divisions south 
toward the border with Kuwait 
Why do such a thing? 

As a protest against the main- 
tenance of a tough sanctions re- 
gime prohibiting Iraq, defeated 
in 1991, from exporting its oil 
and importing the goods it 
needs? As a concession to the 
military, which has doubts about 
its leader’s determination? As a 
desperate move to divert atten- 
tion by a leader whose people are 
suffering for reasons they no 
longer understand? 


By Alain Juppe 

The writer is foreign minister of France. 


And should this strategic mis- 
take; which seems to prove right 
all those who see Saddam Hus- 
sein's Iraq as a permanent threat, 
lead us to increase Baghdad’s iso- 
lation and forever deny it any 
reintegration into the interna- 
tional community? 

France does not believe in the 
inevitability of confrontation 
and war, but, rather, seeks a 
peaceful alternative. 

With this in mind, we a gain 
insist that Iraq comply with all 
the obligations imposed on it by 
the UN Security Council resolu- 
tions. If Ba ghdad takes this path, 
the international community 


should respond to positive acts 
on its part in order to convince 
Iraq that it is clearly in its inter- 
est to choose cooperation and 
not confrontation. 

Some obligations have already 
been carried out: elimination of a 
large proportion of the nuclear, 
ballistic and chemical weapons of 
mass destruction, and satisfac- 
tory cooperation with the UN 
Special Commission- But the ball 
remains today in Iraq’s court 

Baghdad must go further and 
recognize, without ambiguity and 
haggling, Kuwait’s sovereignty 
and the inviolability of the Iraq- 
Kuwait border. It must act clearly 


and stop merely expresting laud- 
able intentions. It must prevari- 
cate no longer. It must cooperate 
fully. It has, moreover, no choice. 
Desperate moves to avert atten- 
tion win not work. 

None of the states in the re- 

t 'on which I have just visited — 
uwait, Qatar, the United Arab 
Emirates and Oman — wants 
too long a a banishment of Iraq, 
since it can contribute to the sta- 
bility of a region facing manifold 
threats. No one wants the dis- 
mantling of Iraq, or seriously ar- 
gues that Baghdad’s return to the 
cal market carries risks of eco- 
nomic destabilization. And no- 
body is adopting a Manichaean 
attitude tying normalization to 
the departure of Saddam Hus- 
sein, even though many continue 


The West Promotes a Dangerous Alliance in the Gulf 


W ASHINGTON — President Bill Clin- 
ton's firm response to Saddam Hussein 
was correct — for now. But his policy may 
create problems later. From afar, the Gulf 
region has been quiet since Iraq was trounced 
in 1991. Up dose, however, much is changing, 
and not for the better. 

The administration's policy of “dual con- 
tainment,” isolating Iran and Iraq as interna- 
tional pariahs, has had some unintended con- 
sequences. Although the economies of both 
countries have suffered, the governments 
have continued in power, and there appears 
to be no credible opposition capable of 
wrenching power from them. 

A nightmare in the Gulf may slowly be 
talcing form. By isolating both countries from 
the world economy, and making the United 
States their common enemy, Washington is 
facing them into each other’s arms. Covert 
trade and cooperation are beginning between 
these countries. For example. Iran is swap- 
ping crude oil and products with Iraq in spite 
of the United Nations embargo. 

Washington is losing control over the UN- 
Iraq process. The UN alliance that crushed 
Saddam is in tatters. It was unsustainable in 
the long term. France and Russia want to re- 
establish traditional positions of influence in 
Iraq and benefit from the immense wealth 
that would be unlocked if it returned to the oil 
markets and could rebuild its economy. 

Thus it is the United States alone that 
could end up being the protector of the Gulf 
against an unholy alliance of Iran and Iraq. 


By J. Robinson West 


both regional powers, and guarantor for the 
great prize in the redan, Saudi Arabia. But 
things are changing there as welL 

Saudi Arabia remains the linchpin of the 
world petroleum economy and has pursued a 
sensible ml policy in recent years. Since the ml 
boom of the *70s and '80s, however, when it 
had more than SI 00 billion in foreign ex- 
change reserves, Saudi Arabia has now be- 
come a net borrower. Paying for Operation 
Desert Storm cost the country more than S55 
billion- It cleaned the Saudis out financially, 
and a society once lubricated with oil money 
now has grinding gears. 

Saudi Arabia is now less secure, internally 
and regionally, than it was. Corruption in the 
royal family continues. Religious opposition 
is growing, as well as frustration from the 
middle class over a lack of representation. 

La September, the government announced a 
roundup of roughly 100 “dissidents." The 
number was probably closer to 1,000. But 
President Clinton has not murmured a word 
about human rights in the kingdom. Also, it 
went largely unnoticed in Washington, but not 
in the Gulf, that Saudi Arabia committed its 
prestige and money to supporting the rebels in 
a failed attempt to split and weaken neighbor- 
ing Yemen in its civil war earlier this year. 

U.S. policy in the Gulf is now driven by 
Saudi Arabia The Saudis have been reliable 
friends and allies, but America should be care- 


ful not to repeal its past mistake of standing or 
faffing with a single ally, as h did with Iran. 

Finally, a global trend is occurring that 
could cause the president serious domestic 
political problems. The oil industry is operat- 
ing near production capacity, and demand for 
products is growing worldwide, particularly 
in Asia. Saudi Arabia, the largest producer, 
does not have the funds to expand its capaci- 
ty. Soon there won't be any slack left in the 
industry. There is already far less than during 
the oil shocks of the 70s. 

At some point. Bill Clinton may need Sad- 
dam Hussein's oil, estimated at more than 100 
billion barrels. But if the president draws too 
deep a line in the sand now, he may not have 
any options later. The result could be a choice 
between unwanted concessions to Saddam, a 
diplomatic fiasco, or rapidly rising gasoline 
prices, an economic and political disaster. The 
president must have flexibility. The economy 
cannot become a commercial hostage to Iraq. 

America needs a new policy in the Gulf. 
Right now, policy is either punitive or reactive. 
It must broaden its alliances in the region. New 
power blocs that could destabilize or even 
dominate the region cannot be permitted. Fi- 
nally, America’s allies must manage change 
positively, before it is forced upon them, ami 
America, with disastrous consequences. 

The writer, a former U.S. assistant secretary 
of the interior, is president of the Petroleum 
Finance Co., oil and gas consultants. He con- 
tributed this comment to The Washington Post. 


Bosnia: Anti-Nationalist Serbs Stand Ready for Peace 


L ONDON — Inthehallof mir- 
/ rors that is Bosnian diplo- 
macy, the West — especially the 
five-country “contact group" — 
treats Radovan Karadzic and 
General Ratko Mladic as the 
sole representatives of the Bosni- 
an Serbs. In reality, they are not. 

While their regime — whose 
forces in recent days have suf- 
fered their worst defeats by the 
Bosnian Army since the war be- 
gan in April 1992 — controls 70 
percent of Bosnia and Herzego- 
vina, that occupied territory 
contains less than 40 percent of 
the prewar Serb population. 

Of the 1 J million Serbs count- 
ed in the 1991 census, an indeter- 
minate number have been killed, 
perhaps 600,000 have fled to the 
rump Yugoslavia or other coun- 
tries, and 200,000 remain in the 
zone controlled by the interna- 
tionally recognized Muslim-dom- 
inated government of Bosnia. 

All these forgotten Bosnian 
Serbs, virtually ignored by the 
Western media and international 
diplomacy, find themselves odd 
man out in the Muslim-Croat fed- 
eration created in Bosnia in 
March. Their fate, however, is 
crucial to Bosnia's status as a 
multiethnic stale. 

When the federation was creat- 
ed, about 300 Serbs, predominant- 
ly urban and well educated, assem- 
bled in Sarajevo from various 
parts of the territory controlled by 
the government They implacably 
Mr. Karadzic's Serbian 
Party and his so- 
called Bosnian Serb Republic. 
Their assembly issued a declara- 
tion supporting a multiethnic and 


By Milovan Mracevicb 


tons, with four dominated by 
Muslims, two by Croats and two 
mixed. (Under the Western peace 
plan that the Karadzic Serbs have 
rejected, the Muslim-led govern- 
ment together with the Croats 
would get 51 percent of Bosnia 
and the Serbs 49 percent.) 

What alarms the anti-national- 
ist Serbs is that the constitution 
of the federation eliminates their 
status as one of Bosnia's three 
constituent peoples. 

Leading the fight for a consti- 
tutional amendment that would 
make the Serbs once again a legal 
constituent people in Bosnia is 
the 33-member Serbian Citizens 
Council, which was elected at the 
assembly in March and is beaded 
by one of the two Serbian mem- 
bers of Bosnia's collective presi- 
dency, Mirko Pejanovic. 

The council's biggest night- 
mare is the prospect of a mass 
exodus of Serbs who see no future 
for themselves in the federation. 

The quandary of these anti-na- 
tionalist Serbs is that while they 
strongly oppose the principle of 
ethnic political organization, the 
federation has forced them to 
group themselves as Serbs to pro- 
tect their interests. 

In the 1990 Bosnian elections, 
many voted for such nonethnic 
partus as the former Communists 
and the Social Democrats; today, 
they continue to believe that non- 
ethnic parties provide the only 
viable future for Bosnia. 

The Bosnian government's 
main argument against including 
the Serbs in the federation is that 


ritory that Mr. Karadzic controls. 

In addition, the council chal- 
lenges the legality of eliminating 
the Serbs as a constituent people 
in the federation. It argues that 
Bosnia’s referendum on indepen- 
dence and its creation as a sover- 
eign state were both based on the 
presence of three equal peoples. 

The council main tains that by 
abandoning the grounds on 
which Bosnia was founded and 
internationally recognized, the 
Muslim-dominated regime of 
President Alija Izetbegovic jeop- 
ardizes Bosnia's sovereignty and 
territorial integrity. 

In addition to the powerful dip- 
lomatic and constitutional argu- 
ments a gains t the e liminatio n of 
the Serbs as a constituent people, 
dropping them amounts to de fac- 
to recognition of the Karadzic- 
Mladic regime as the legitimate 
representative of all Bosnian Serbs 
and supports that regime's claims 
that Sobs cannot expect just treat- 
ment from Muslims and Croats. 

None of this seems to matter 
much to the Izetbegovic faction 
of the governing Muslim Party of 
Democratic Action, which ap- 
pears motivated by a certain 
vengefulness toward all Serbs, by 
an open resentment that more 
Sobs are not in the Bosnia- Her- 
zegovina army and by a Muslim 
agenda that is inconsistent with 
the ideal of a multiethnic state. 

Since the Muslim-Croat feder- 
ation is a shotgun wedding that 
was forced by the United States 
and could easily break apart, es- 
pecially if the arms embargo 
t Bosnia is lifted and most 


pies and that it has not changed its 
position. After all. if the federation 
broke apart, what would prevent 
the regime from stripping the 
Croats of their status as a constitu- 
ent people, thereby achieving a 
wholly Muslim state? 

The Serbian Citizens Council, 
winch has established contacts 
with the underground opposition 
in the Bosnian Serb republic, 
needs outside support if it is to 
have any hope of undermining 
the republic. The council and the 
anti-nationalist Serbs it repre- 
sents could be a valuable ally in 
the struggle for the Bosnia that 
many in the West want. 

But we will never discover the 
political potential of these forgot- 
ten Bosnian Serbs as long as the 
West behaves as if Mr. Karadzic 
and General Mladic were the only 
Bosnian Serbs who mattered. 


The writer, a Canadian who is 
researching a book on the former 
Yugoslavia, contributed this com - 
ment to The New York Times. 


to consider him unpredictable ■ 
and unreliable. 

To move forward now, Iraq# 
must prove its peaceful intentions. 

It must show its willingness to co- ; 
operate over the fate of the Ku- - 
waiti prisoners and musing per- 
sons and respect the rights of the’ 
Kurdish and Shiite minorities who 
live on Iraqi soflL Baghdad’s full ' 
and wholehearted recognition of 
Kuwait is indispensable and non- 
negotiable. That would be a new 
and major development that we 
would have to take into account 
Today, France wants to rein- 
force die regional realism of the 
Gulf countries, not only by solid- 
ly standing by them, but also by 
offering Iraq a dear prospect of 
emerging from the crisis. Peace in 
the Gulf is not beyond reach. 

Beyond what is at stake at the 
regional level, the Iraqi crisis can 
prompt more general reflections 
on the United Nations’ use of 
sanctions. 

Let us be dear about this: the 
reintegration of a state subjected 
to sanctions into the international 
community is not negotiable. It 
cannot give rise to any haggling. 
France’s message to all those re- 
sponsible for the sufferings 
caused to their peoples by embar- ! 
goes is simple: Fulfill the obliga- 
tions that the world is asking you 
to honor, and the sanctions af- • 
fecting you will be lifted. . 

But it is incumbent on the de»‘ 
mocrades to be dear about their ■ 
demands, with regard not only to ! 
Iraq but also to Libya. Serbia and 
Haiti. Having the courage of clar- 
ity is our strongest asset Ambigu- 
ity only detracts from the force of 
the message and the warnings ad- 
dressed to these countries, while 
giving the governments targeted 
by these measures pretexts for 
evading their obligations. 

France is not in favor of in- 
creasing the number of embargoes, 
still less when they are unilateral. 
The imposition of sanctions on 
stales which flout international 
law is a very grave step, which 
must remain exceptional 
It is time the international 
community established a doctrine 
that can be dearly understood by 
everybody. Imposition of sanc- 
tions must remain a prerogative 
of the Security Council. France, 
considers that the purpose of 
these measures must be precisely 
defined — to put pressure on a 
given government and make it 
change its attitude. 

So I suggest that the democra- 
cies establish the ground rules 
even more clearly. 

The adoption of a resolution 
imposing sanctions on a member 
state should, in the future, com- 
ply with three conditions: that all 
other diplomatic avenues have 
been explored without success; . 
that the Security Council resolu- 
tion, explicitly stipulates what the’ 

incriminated state has to do to get It 
the sanctions lifted; and that the ^ 
maintenance of these sanctions is ! 
subject to regular and bona fide 
re-examination. 

France appeals to the interna- 
tional community to adopt these ; 
principles. In many parts of the' 
world, the impression is spread- 
ing that the democracies are 
twisting international law for 
their own benefit. By making the' 
effort to be clear and responsi- ; 
ble, we shall consolidate the • 
force of international law. ; 

^ New Perspectives Quarter ty. ' 


IN OUR PAGES: lQQ, 75 AND 50 YEARS AGO 
1894?: Pacific New Czar? 


democratic Bosnia, the guaranteed the Serbs cannot be a constituent against Bosnia is lit 
safe renun of all refugees to their people in two places — in the of the UN forces pull out, it 

Itmu J |L. J J .. ■ L. L .J .L 


home areas and the impartial pros- 
ecution of war criminals. 

These anti-nationalist Serbs 
want a federal Bosnia organized 
on the principle of local and re- 
gional self-government — “with- 
out ethnic connotations and do- 
minations." their declaration said. 

But that is what the federation 
is all about: the Croat-controlled 
and government-controlled zones 
would be divided into eight can- 


federation and Mr. Karadzic’s re- 
public. It maintains that Only 
when his republic joins the feder- 
ation will the Serbs become a con- 
stituent people again. 

The Serbian Citizens Council 
argues that eliminating the Serbs 
as a constituent people in the fed- 
eration weakens Bosnia's daixn 
that Muslims and Croats remain 
Constituent peoples throughout 
all of Bosnia — including the ter- 


mij»ht be argued that there is no 
point in worrying about the 
Serbs’ status in it. 

The underlying issue, howev- 
er, is the kind of society the West 
wants in Bosnia — and this tran- 
scends the federation. 

If the West cares about preserv- 
ing a multiethnic and democratic 
Bosnia, it should remind die Izet- 
begovic government that it recog- 
nized a state with three equal peo- 


PARJS — [The Herald says in an 
editorialij Never was the death of 
a Sovereign greeted with more 
grieving, and in every country is 
felt the impression that with Al- 
exander Hi disappears the firm- 
est mainstay of peace in Europe. 
That is why people are especially 
grateful to the young Czar for hav- 
ing expressed his pacific inten- 
tions. There is therefore reason to 
hope that Nicholas II will continue 
the pacific policy of Alexander IIL, 
a policy which won him the affec- 
tion of the whole of Europe. 

1919: Perfect GirlO 

NEW YORK — second 
physically perfect American girl 
has been found in Miss Evelyn 
Mueller, of New York. A board 
of medical examiners has ren- 
dered the verdict on her. and she 
is now a rival of Miss Annette 


Kdlerman, who has held the only ‘ 
title of perfect physical wo man - ■ 
hood heretofore. The board of! 
examiners says that Miss Mueller, > 
“ a Su -1 brought up in the largest ' 

9^ 9* United States, is to be i 
credited with overcoming the al- • 
most impossible in reaching her ! 
perfection. She has created a rug- ■ 
gen constitution and is in a per- ' 
feet state of physical health. i 

1944: U.S. to Hdp China; 

- [From ouri 
New York edition:] Donald M. • 
Ndson, tanner War Production : 
Board chairman, will return to- 

gSLP? 1 * “ a* «qu«t of.’* 
yenerahsstmo Chiang Kai-shek/* 
to oreamze a “CfainSe W.PB"- 
Mr. Nelson will make his second ! 
S.!°£^ f President Roose- 
the representative at ; 

cal nS? ° f 311 Araerican techni- ■ 
SSf*® S^ed to step up Chi- ■ 
s sieel and alcohol production. ! 








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INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


Page 9-? 


OPINION 


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Italy: The Philosopher King Stands in the Wings 

R OME — An American clnsriv , . 

. acquainted with I Laly, Norman By William Pfaff to territorial irreden usm — a threat 


By William Pfaff 


ffirstamn of G imau j 

ty, told the II.S C S5!S! 8LH!jy^?*' m Hberty and democracy, I note below, there is little of this in 

Sons Committee In SenSJn5£ a * te 1? the best traditions the new Italian right. There is no 

that by comparison with 

ous ideology” and media SmiJSST v Ital,an . neofascism, a turbulent 
lions of Prame ^ margmaj factor in Italian poUti- 

lusconi, the “post-fascis?’ S_ Me since the war. is turning itself 
Giaifranco Hni “seems like a nhi- 
losopher long.'’ He added that for 
this reason Mr. Fmj’s pound stav . 
ing power may be considerably great- 
er than that of the finander-poUii- 
□ffli nw heading J taly's government 
• Much the same thing has been 
said by Rocco ButtigUone, the phi- 
losopher now head of the surviving 
remnant of the Christian Democrat- 
ic movement, the Popular Party, 


into a mainstream movement, with 
its leader now the most popular poli- 
tician in the country. 

The Italian Communist Party, for 
years immensely powerful but un- 
electable, has been uns uccessfully 
trying to accomplish such a transfor- 
mation for the last 30 years. It 
thought this year that it had succeed- 
ed and that its successor, the Party of 
the Democratic Left, would become 
part of the first government of the 


right. 

rejection of the modern world, nor 
barking back to a romanticized past. 

There is in it a strain of anti-cos- 
mopolitanism, a hostility to the secu- 
larized values of liberal sodcly and to 
a “Europe" that seems to embody 
this secularism and cosmopolitanism. 
But this is a form of conservatism 
and nationalism apparent elsewhere. 

Mr. Btmbaum told the Senate 
committee that the National Alli- 
ance “insists on a specific Italian 
identity.” That is: “It opposes a gen- 
eralized social equality and favors 
leadership by an elite certified by 


whom many fhint th- t«7R« Kar 9 r ’ E 311 °* . fi* 31 government of the achievement. It . . . considers that 

Italian nolkics t«iTv *3 second Italian Republic, probably in national solidarity demands limits 

5*“*- ^U^wiAthTpapul^Va^.V on_the sovereignty of the market. 


^recently said that “if Berlui- 
corn fails, fini succeeds." His hope, 
of course, is that Mr. Fini, too wfO 
eventually fall, opening the way to 
Italian political reconstruction on 
reliably democratic terms. 

Mr. Fini now is some 10 points 
ahead of Mr. Berlusconi in political 
popularity polls. On Oct. 23, the cen- 
tral comritiUee of his Italian Social 
Movement voted in quasi unanimity 
to dissolve their party in January and 
jmerge.it into a larger National Alli- 
ance meant to become a proper cen- 
ter-right national party like the Con- 
servatives in Britain - or the neo- 
GauDists in France. Mr. Fini says he 
wants “a modem right, which firmly 


stead, Mr. Beriusconi and Mr. Fini 
took power, with some help from the 
Northern l eag u e, a confused and 
fading n egionalist movement. 

If Mr. Fmi’s ambitions for his new 
party could be relied upon, there 
would be no principled objection to 
it. A conservative movement commit- 
ted to liberty is a normal component 
of a modem democracy. But the re- 
cord of the MSI, along with the anti- 
Semitic (and anti- American) dis- 
course of some of Mr. Ftni’s 
associates, compels skepticism. 

Fascism has been described (by 
the Italian scholar F.milin Gentile) 
as “the coming to power of mythical 
thought.” With the reservation that 


In this respect, the National Alli- 
ance challenges what Mr. Berlusconi 
stands for, since the prime minister is 
committed to value-free market liber- 
alism and sees himself as the Italian 
counterpart to Margaret Thatcher 
and Ronald Reagan. His three pri- 
vate TV networks, devoted to popu- 
lar diversion at its cheapest, and Eu- 
rope’s biggest importer of UB. films, 
serials and game shows, have been a 
big force in subverting the old values 
of Italian society and substituting a 
consuroerisi cosmopolitanism. 

I said that “mythical thought" 
survives in at least one aspect of Mr. 
FinT s program. This is its rash and 
profoundly subversive commitment 


to territorial irreden tism — a threat 
to all that European unification has 
meant since 1945. The MSI de- 
mands Isiria for Italy. 

Istria is the region on Italy's 
northeastern border that once be- 
longed to Venice, later to Austria, 
and now is controlled by Croatia 
and Slovenia. Its juridical status has 
been unresolved since the war. An 
agreement between Rome and Bel- 
grade in 1975 was thrown into doubt 
by the collapse or Yugoslavia. 

The usual complicated ethnic and 
historical claims are made about to 
whom Istria ought to belong, with 
both sides parading their griefs, bui 
in what is supposed to be a new 
European political civilization these 
are claims that diplomacy and good- 
will are supposed to settle. 

Mr. Fini’s followers have another 
view. Mr. Fini himself, on Oct. IS at 
Trieste, demanded that Slovenians 
“kneel before Italians," victims of 
“genocide.” They must agree, he 
said, “that these lands arc Italian" 
before Italy will allow Slovenia to 
join the European Community. 

Here was the old and brutal lan- 
guage of fascism, its (rue language, a 
language that Western Europe and 
the Western world hoped to never 
hear again. To hear it from Italians, 
co-founders of the European Union, 
conveys the worst possible message 
that the nascent Second Italian Re- 
public could deliver to its neighbor*. 

International Herald Tribune. 

© Los Angela Tima Syndicate. 


LETTERS TO THE EDITOR 


Noble French Neutrality 

Regarding “What Sort of Super - 
power Can Refuse Every Riskl”(Oci. 
22) by Dominique Molsi: 

■ The most surprising statement in 
this tiresome rehash of American 
foreign policy problems is the par- 
enthetical assertion that interven- 
tion is France's middle name, “part 
of its very identity.” That would 
make French foreign policy inter- 
ventionist, which it is not. 

Instead, I see a general tendency 
toward neutral positions and ap- 
peasement, and am hard-pressed to 
think of any recent examples of 
French intervention anywhere. Is 
Mr. Molsi talking about Rwanda? 


Letters intended for publication 
should be addressed * Letters to the 
Editor ” and contain the writer's si- 
gnature, name and full address. Let- 
ters should be brief and are subject 
to editing We cannot be responsible 
for the return of unsolicited ma- 
nuscripts. 


About Bosnia? While these mis- 
sions of mercy are noble and mor- 
ally correct, they are politically 
neutral in vision and scope. Inter- 
vention, on the other hand, is not a 
neutral course of action. 

In neither Rwanda nor Bosnia 
was there an intent to get at the 
cause of the misery and the horror. 
That is what intervention would 
have attempted to do. 

JOE ALBERGHZNI. 

Paris. 

Britain's Strong Record 

Regarding “Tke UN Effort in Bos- 
nia Was Wrong From the Start ” 
( Opinion, OcL 25); 

Anthony Lewis describes the Brit- 
ish government as “the weakest, 
most pathetic” of modem times. 

For the record, it was the govern- 
ment of Prime Minister John Major 
that had the courage to: send 20,000 
troops to support the United States 
in the 1991 Gulf War; send warships 
and 800 troops to support the Unit- 
ed States in the latest crisis in the 
Gulf; send 3,500 troops to Bosnia 


and live with the inevitable casualties 
at a time when the United States 
refused to deploy ground troops 
there; take huge political and security 
risks in the search for peace in North- 
ern Ireland, and stand alone in the 
European Union for a more rational 
and pragma tic type of superstate. 

Tne trouble with people like Mr. 
Lewis is that they patronize those 
who do not share their moral out- 
rage, which is always selective. Mr. 
Lewis would not, for example, de- 
scribe the Wilson government of the 
1960s as “weak” or “pathetic" be- 
cause it refused to send troops to 
back the United States in Vietnam. 

A. DUFF. 

London. 

Tlie Hunting on Iraq 

Regarding “In No Position to 
Knock Bush ” ( Letters, Oct. 17); 

Concerning President Bill Clin- 
ton’s dispatch of troops to the Gulf 
area, remember that the matter goes 
bade to 1979 — the Iran- Iraq war — 
and is a very complicated affair. 

Briefly, American thinking back 


then was: If we destroy Saddam Hus- 
sein. Iraq breaks into three parts, 
with the Shiite southeast going to 
Iran, the oil-bearing Sunni central- 
west to Syria, and the Kurdish north 
to independence and war with Tur- 
key. Better to keep a weak Saddam in 
Baghdad. Meanwhile, the whole 
thing has been a dandy, if expensive, 
exercise in troop dispatching. It keeps 
the military services on their toes. 

PHILIP HOLZBERGER. 

Logrian-Florian. France. 

Immortal Latin 

The students of the Latin classes 
at the International School of Brus- 
sels and 1, their teacher, have read 
with interest “Latin, in the Com- 
puterAge, Shows Signs of Resusci- 
tating" (American Topics, Oct. 5). 
We are very pleased with the atten- 
tion Latin is getting, but we would 
like to object to calling Latin “the 
dead language of the Roman Em- 
pire.” We believe that Latin is not 
dead, it is immortal. 

B. DANKAERTS and 17 students. 

Brussels. 



I gut IS IK Ujj 




He* 


wvoppoNeuris A No-Gooi 



In the End, a Vote for Some of the Above 


N EW YORK — There are many 
riveting things about traveling 
around the United Stales on the 
cusp of a major election. Not the 
least or them is the ability to see 
political advertising designed chief- 
ly to appeal to the stupid and mean- 
spirited in slate after state, inter- 
changeable and unimaginative as 
the decor of the hotel rooms. 

But it is also possible to hold 
your finger to the wind and discern 
the prevailing ethos. And this year, 
in many places, that ethos has 
dearly been None or ihe Above. 

None of the Above is so seduc- 
tive for Americans because there is 
no way to pursue it politically, no 
mechanism by which one can dis- 
solve the government and start 
again from scratch. In America's 
democratic system, there is no way 
to elect a None without winding 
up with Someone. If that sounds a 
little like “Alice in Wonderland" 
— well, haven’t these midterm 
elections actually been a delightful 
mixture of the Mad Halter's tea 
party, in which everyone moves 
constantly but no one really goes 
anywhere, and the Red Queen's 
croquet match, with its clarion 
cries of “Off with their heads!” 

The inevitable parabola of the 
None of the Above phenomenon is 
most easily understood by taking a 
backward look at that most 
“Through the Looking Glass" of 
national characters, Ross Perot. 
Mr. Perot came out of nowhere in 
1992 with a throw- ihe-bums-out 
zest. While the press and other po- 
liticos ignored him, the feisty guy 
from Texas picked up a large fol- 
lowing by being the un-candidate. 
But elections play out over 


By Anna Quindlen 


lime, and over time those down- 
home Peroticisms began to seem 
as predictable as smoothie politi- 
cal rhetoric. No matter how many 
charts the man hauled out. it be- 
came clear that no one could truly 
get rid of the deficit without even 
breakin' a sweat. 

Then he crashed and burned: in 
the race, out of the race, in ihe race 
again . Weird conspiracy stories. 
Accusations that the Bush cam- 

MEANWHILE 

paign had tried to ruin his daugh- 
ter’s wedding “How do you screw 
up a Texas wedding?" wrote James 
Carville, who ran the Clinton cam- 
paign. “Show up sober in a sedan? 
Leave with the woman you came 
with?” By the time the election 
neared its final week, Mr. Perot's 
biggest success was as a Halloween 
costume. Under scrutiny, there 
was simply less than met the eye. 

Sometimes, early on. less can be 
more. No one was exactly sure 
what the California Senate candi- 
date Michael Huffington stood 
for, no one could puL a finger on 
the political profile of Mill Rom- 
ney in Massachusetts, no one 
could truly get a handle on George 
Pataki in New York. What count- 
ed was not who they were but who 
they were not: the un-Dianne 
(Femstein), the un-Ted (Kenne- 
dy), the un-Mario (Cuomo). A 
Massachusetts pollster, Gerry 
Chervinsky, said not long ago. 
"Romney lo this day is defining 
himself as not Ted Kennedy.” 


There is a great deal of anger 
against what are called “career 
politicians.” which is a strange 
thing; after alt no one ever com- 
plains about using a career dentist. 
But as the Perot time line indi- 
cates. at some point cipher must 
give way to substance, and voters 
begin to turn toward the candidate 
who has actually done .something; 
say, sponsored legislation or bal- 
anced a slate budget. And the un- 
can di dates begin to come undone. 

A strong Republican might have 
blown Governor Cuomo out of the 
water this time around. But a strong 
Republican was not at all what Sen- 
ator Alfonse D'Amato wanted 
when he was playing kingmaker. 
So, polls suggest, voters are begin- 
ning to turn away from Mr. Pataki 
because there is no there there. 

Michael HuffingLon's big blowup 
was the announcement that his chil- 
dren's nanny was an illegal alien, 
and his decision lo blame same on 
his wife. But he was flagging in the 
polls before, when more and more 
voters began to realize they had no 
idea, save rich and Republican, who 
Mr. Huffington was — because 
maybe, at base, he's nothing at alL 

There's the rub: Nothing at all is 
not the same as None of the 
Above, particularly when you be- 
gin to imagine it in Washington. 
It’s not uncommon for Americans 
to become so disgusted by politics 
that they want to start from 
scratch. But ultimately they're 
forced to choose among real peo- 
ple; scratch doesn't make much of a 
senator. When a person needs con- 
stituent services. Some of the Above 
is better than the alternative. 

The New York Times. 



♦j Jr 


GLOBAL 




1994 


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Moving out to tbe 21st Century 

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Richard Pascale, business consultant, USA 

World Economist Forecast 

Franz Vranitzky, chancellor of Austria 
JSSasW AgL ambassador BU, Washington 




Th 0 Global Automotive In dustry 

tnnU Schweitzer, chairman & CEO of Renault, France 
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INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


HEALTH /SCIENCE 


Confusion Over Big Bang Theory 


By John Noble Wiiford 

New York Times Service 




EW YORK —Even though the 
universe has infinite ways of 
humbling them, cosmologists 
are nothing if not resilient and 
endlessly creative. They have to be, given 
their daunting task of standing on the 
shore of a small world and looking be- 
yond the harbor lights of nearby stars to 
the arching waves of clustered galaxies, 
seeking on far horizons glimpses of the 
entire cosmic history, from beginning to 
probable mid. 

For more than three decades, their 
most satisfying reconstructions of that 
history have rested squarely on the “Big 
Bang* theory. 

In the beginning, according to this 
model, mass was compressed into a state 
of infinite density, an initial singularity. 
Then there was a kind of explosion. Ev- 
erything — space itself — expanded, 
thinned out and cooled. At Erst, all was 
smooth and virtually uniform. But 
around some faint wrinkles, called densi- 
ty fluctuations, matter began clumping 
into stars, galaxies of stars and clusters 
of gravitationally bound galaxies stretch- 
ing across the sky. 

But the universe seems to keep throw- 
ing the cosmologists nasty curves, expos- 
ing the woeful limi tations of their knowl- 
edge about how in the apparently 
allotted time the cosmos evolved from 
these beginnings to a present-day struc- 
ture of such manifest inhomogeneity. 


There does not seem to have been 
enough time. And where and what is all 
the invisible mass, the so-called dark 
matter, to account for the gravity needed 
to pull together such vast galactic agglo- 
merations? 

Such unsettling questions have left 
cosmologists shaking their heads and en- 
tertaining all manner of modifications in 
the details of their theories. Perhaps the 
universe underwent a brief period of ac- 
celerated expansion in its very early 
stages, the widely favored inflationary 
addendum to the Big Bang theory. 

Perhaps most of the universe is com- 
posed of invisible exotic particles — 
WIMPs, for weakly interacting massive 
particles — that supply much of the 
gravity shaping galactic structures. But 
important aspects of this hypothesis 
have been attacked recently, and these 
particles have yet to be discovered. 

I T may be a measure of the current 
turmoil that some cosmologists are 
driven to reconsider, tentatively but 
with increasing interest, an idea that 
Einstein once proposed but later reject- 
ed, saying it was “the greatest blunder of 
my life.” 

His cosmological constant, as he 
called it, was a land of antigravity force, 
a monumental fudge factor to force the 
universe he envisaged to conform with 
some implications of his own general 
theory of relativity. 

Last week theorists got more perplex- 


ing news and were talking more openly 
about the theoretical beauties of the cos- 
mological constant. Einstein, they specu- 
lated, might have been right after ail, 
though for the wrong reasons. 

Cosmologists were responding to a re- 
port of the most accurate measurement 
yet of the distance to a remote galaxy, 
made by astronomers using the Hubble 
Space Telescope. 

Calculations of the universe’s expan- 
sion rate from this and other recent ob- 
servations provide strong evidence that 
the universe may be much younger than 
scientists previously estimated. It may be 
no more than 8 billion years old, as 
compared with other calculations rang- 
ing up to 20 billion years. 

Since some stars are reliably estimated 
to be 16 billion years old, the new find- 
ings mean that the universe appears to be 
younger than some of its components, a 
most disturbing paradox for cosmolo- 
gists. Calling this “an apparent impossi- 
bility,” Dr. George H. Jacoby, an astro- 
physicist at the National Optical 
Astronomy Observatories in Tucson. Ar- 
izona, said it “will force a re-examination 
of our universe model and how stellar 
ages are measured.” 

Of course, no one is accepting the low 
age estimate as the last word, not until 
further measurements are made using 
other techniques and are extended out to 
greater distances, beyond disturbing in- 
fluences of local gravity. But no one is 
dismissing it, either. 


AIDS Drugs Fail to Curb Nerve Damage 



By Lawrence K. Altman 

New York Tunes Service 


N EW YORK — Despite wide- 
spread use of drugs to combat the 
AIDS virus, which earlier studies 
had shown to protect against in- 
fections that affect the brain and central 
nervous system, the incidence of such 
damage is increasing among those with the 
disease, a new study from a large federal 
AIDS project has found. 

The study looked at six AIDS-related 
neurological conditions among 2,641 HTV- 
infected gay men in Baltimore, Washing- 
ton, Chicago, Pittsburgh and Los Angeles 
who have participated in a long-term pro- 
ject directed by the National Institute of 
Allergy and Infectious Diseases in Bethes- 
da, Maryland. The study was conducted 
by a team of researchers headed by Dr. 
Justin S. McArthur, a neurologist at Johns 
Hopkins School of Medicine in Baltimore. 

The six conditions are: toxoplasmosis, a 
parasitic infection; cryptococcal meningi- 
tis, a fungal infection; primary lymphoma 
of the brain, a cancer progressive multifo- 
cal leukoencephalopathy, a viral infection: 
dementia, ana neuropathy, which can be a 
painful and crippling degeneration of 
nerves leading to numbness and weakness 
of the bands, feet or limbs. 

Of the six, dementia was the only condi- 
tion for which the rate did not increase 
during the period of the study, from 1985 
to 1992, Dr. McArthur’s team reported in 
the October issue of the journal Neurol- 
ogy. About 38 percent, or 1,001, of the 
2,641 infected participants developed 
AIDS during the study period, from 1985 
to 1992. 

The findings underscore the need for 
developing more effective drugs for AIDS 
and its neurological complications. Dr. 
McArthur said in an interview. 

The incidence rales of all neurological 
conditions were related to the severity of the 
progress of AIDS among participants. De- 
mentia rarely developed earlier than other 
AIDS-related Alnesses. But some cases of 
neuropathy and dementia were found 
among those with normal numbers of CD-4 
cells, the specialized cells in the immune 
system that HIV seems to destroy. 

By weakening the imm une system. HIV 
makes an infected individual vulnerable to 


so-called opportunistic infections, which are 
caused by microbes that are generally harm- 
less in individuals with healthy immune 
systems. Some opportunistic infections, tike 
toxoplasmosis and cryptococcal meningitis, 
affect the brain. The study found that drug 
therapy with antimic robials appeared to 
help prevent these two infections. 

Men with 200 or fewer CD4 cells who 
took antimicrobials were less likely to de- 
velop the infections than similar men who 
did not take such drugs. 

■ Greater AIDS Risk for Women 

Women are more than twice as likely as 
men to become infected with the virus that 
causes AIDS during heterosexual sex, ac- 
cording to a study by an I talian research 
group. The New York Times reported. 

The study, published in the journal Epi- 
demiology /provides further evidence that 
anatomical and physiological differences 
between the sexes make women more sus- 
ceptible than men to contracting HIV. 

The Italian study, of 524 female partners 
of HTV-infected men and 206 male part- 
ners of HIV-infected women, is the largest 
published epidemiological attempt to doc- 
ument the role of a person's sex in the 
transmission of the h uman immunodefi- 
ciency virus among heterosexuals. 

The results correspond to previous re- 
search efforts, which suggest that the risk 
of becoming infected during sex may be 
three to five times greater for women than 
it is for men, said one of the authors. Dr. 
Massimo Musicco. of the Institute of Ad- 
vanced Biomedical Technologies at the 
National Research Council in Milan. 


Astronomers Find a Galaxy 
Just Beyond the Milky Way 

Reuters 

LONDON — Astronomers have cut 
through the murk of the Earth's solar sys- 
tem to discover a new galaxy close by, 
according to the issue of the journal Na- 
ture published Thursday. 

Ofer Lahav of Britain’s Institute of As- 
tronomy and his colleagues turned the 
Dwingeloo radio-telescope in Leiden, the 
Netherlands, to a special hydrogen fre- 
quency to cut through the heavy Milky 
Way dust and found a “large spiral gal- 
axy.” 


Cholesterol May Not Harm Elderly 


By Gina Kolata 

New York Tima Service 


N EW YORK— Cholesterol levels, 
which accurately predict risk of 
heart disease in middle-aged peo- 
ple, appear to have no such pre- 
dictive value in the elderly, a new study has 
found. 

The study, by investigators at Yale Uni- 
versity, included 997 men and women 70 
years old or older who were followed from 
1988 until the end of 1992. It is one of the 
very few studies of cholesterol to focus on 
people over 65, and in fact the average age 
of the study participants was 79. 

The researchers report that although a 
third of the women and a sixth of the men 
had high cholesterol levels, these people 
did not have any more heart attacks during 
the study period than those whose choles- 
terol levels were normal or even low, nor 
were they more likely to die from heart 
disease or from any cause. 

The study was published Wednesday in 
The Journal of the American Medical As- 
sociation. “This is good news for old peo- 
ple.” said Dr. Stephen B. HuUey. the cb air- 


man of the department of epidemiology 
and biostatistics at the University of Cali- 
fornia at San Francisco- He said the study 
showed that after about the age of 70, 
“they can take it easy and relax” and stop 
worrying about cholesterol. 

Dr. Huliey said the findings were “very 
important” because there has been virtual- 
ly no information on cholesterol's effects 
in the very old. Although this study by 
itself is unlikely to be definitive, he said, its 
findings are bolstered by those of the Fra- 
mingham Heart Study, now in its 46th 
year, which also found no effect of choles- 
terol in the elderly. 

D R. Michael Criqui, an expert on 
cholesterol and heart disease at 
the University of California at 
San Diego, said the Framingham 
data showed, in fact, that cholesterol levels 
taken at the age of 50 were a better predic- 
tor of heart disease risk at 70 or 80 than 
cholesterol levels at 70 or 80. 

Dr. Harlan M. Knnnholz, the study di- 
rector, a cardiologist and epidemiologist at 
the Yale University School of Medicine, 
said many old people were alarmed by 
their cholesterol readings and were trying 


desperately to get them down, with diet or 
often with cholesterol-lowering drugs. 

But Dr. Krumholz, Dr. Huliey and oth- 
ers say that since there is no evidence that 
lowering cholesterol helps in people over 
70, doctors should not even take cholester- 
ol measurements in old but otherwise 
healthy patients. Dr. Huliey explained: 
“At least for people in their late 70s and 
beyond, we don’t know what’s a good 
cholesterol level We. actually don't know 
whether you're better off with a high one 
or a low one, so there is no point in 
measuring it” He added that there was 
especially no point in treating old people 
with cholesterol-lowering drugs and said 
he was deeply concerned because many 
people in their late 70s and older were 
taking those medications. 

At first glance, the questioning of cho- 
lesterol's effects may sound odd, heart dis- 
ease researchers said. One possible expla- 
nation, said Dr. David Kritchevsky, a 
cholesterol researcher at the Wistar Insti- 
tute in Philadelphia, is that anyone who 
reaches 80 or so with a high cholesterol 
level and no evident heart disease may be 
immu ne to cholesterol's effects. “The bul- 
let has missed you,” he said. 


NEW YORK FASHION 

Mizrahi’s All-American Swirls 


By Suzy Menkes 

fruenumeml fferuU Tribune 


N EW YORK— What 
is as American as ap- 
ple pie, gangsta rap, 
blue jeans or O. J. 
Simpson T-shirts? 

Ever since New York design- 
ers have tried to move on from 
signature sportswear, there is 
no one look that seems modem. 

Even if he is fixated on old 
movies, with Veronica Lake 
hairdos and gilt-edged glamour, 
at least Isaac Mizrahi's show- 
seemed all-American. It was 
bandbox fresh with its window- 
pane-checked jackets, its lip- 
stick-pink suits and daisy-print- 
ed dresses. It was shot with New 
York humor, as witticisms were 
projected above the runway like 
the electronic news in Times 
Square. “B usiness as unusual" 
announced a series of loudly 
checked pantsuits. A fitted, 
scoop-neck jacket was pro- 
nounced: “Sexual harassment.” 
And shapely swimsuits, with 
white vinyl beach robes lined in 
teny doth, came out to the 
words: “Esther Willi ams never 
got sand in her suiL” 

Sex and secretaries seemed to 
be on Mizrahi's mind — and 
that was the problem with a 
show that had high points, like 
the bright pink and green 
plaids, the fresh white blouses 
with long flower-patterned 
skirts and the cashmere-with- 
sequins sweater-sets. 

B UT how hard it is to 
refer to the past — 
however wittily — 
without seeming retro- 
grade. Mizrahi’s plain dresses 
with Peter Pan collars and skin- 
ny belts looked Doris Day pris- 
sy. His preferred skirt — 
straight, slim, stopping just over 
the knee with a vent at the back 
— belonged to an era before 
women took work in their stride. 

Mizrahi was on surer ground 
with sporty pantsuits and with 
the heyday-of-Hollywood looks 
that he favored before they 
came hot on the high heels of 
the glamour movement. 

Is it the glamour craze or a 
shift in American lifestyles that 



Meom/Tbanu 

Isaac Mizrahis striped suit with knee-length skirl. 


makes so many runway clothes 
for after dark? From the vodka- 
and-orange suit that started the 
show to the champagne se- 
quined hot pants, Todd Oldham 
served up a cocktail of color and 
sparkle. The Escada team in the 
audience, checking out the 
house's new design consultant, 
found everything upbeat: chi- 
noiserie satin dresses with bright 
embroideries: slithers of python 
print, witty cowgiri-goes-to-the- 
Tirol looks wiib flowered braid 
instead of studs. 

The show was calm by Old- 
barn’s standards. Prints were of- 


ten reduced to jacket lining, or 
glitter to a skinny rhinestone belt 
on a raspberry crepe dress. Old- 
ham did not come up with many 
shapes, with the midriff-cropped 
t op, the slim-skiited suit, the 
wrap-dress and the curvy cow- 
boy shirt worn outside skinny 
pants reworked in different fab- 
rics. Prints included mouth-wa- 
tering pastries and multicolored 
Japanese parasols. Since the su- 
pennodels so obviously enjoyed 
strutting the stuff, Ol dham gave 
an ebullient show. 

Carolina Herrera’s show of 
dainty dresses and graceful 



any woman aspiring to beaNew 
York socialite. Her potential cli- 
ents, from Pat Buckley through 
Maria Trump (with trophy hus- 
band Donald), were inexplicably 
placed in row four. But even 
from there they could admire the 
womanly in-at- the- waist silhou- 
ettes, graphic pantsuits, prettv 
pastels of mint, aqua, pink, 
primrose or orange sorbet, and 
dainty decoration from scal- 
loped necklines through bows. 
It was, in its conventional way. a 
very pretty show. 

NNE Klein was one 
of tiie great American 
designers. 
! house is undergo- 
ing a metamorphosis, but 
should the designer Richard 
Tyler, in his second season, 
have moved so far into city 
slick, with more shiny satin 
than seemed really necessary 
and evening dresses engulfed in 
flames of inset color? The best 
of the show came at the start, 
when classic polo shirty 
cropped to bare the midrift, 
came over narrow jeans or 
shorts in bright sorbet colors. 

Tyler’s strength is in the cut 
of his jackets, shaped with pan- 
els so that they caressed the 
body without gripping it. They 
went over dresses or slim over- 
the-knee skirts. Soft jersey 
dresses were dull but wearable. 

Marc Eiscn did Helmut 
Lang: skinny hipster pants; 
plastic dresses; mesh athletic 
shuts, and modernist feminini- 
ty in lilac, laminated chiffon or 
georgette dresses with ruffles 
and pink flowers. 

Sesame Street on children’s 
television must have been a fa- 
vorite of Christian Francis 
Roth. In paint-bright colors, 
with appliqu6d patterns like 
play-school drawings, came cir- 
cle skirts and cropped tops, 
short swingy dresses and even a 
grass-green coat with its belt 
made from a jump rope. A sim- 
ple suit with a random scatter- 
ing of numbers was cute. But 
tor grown women in American 
today, it seemed as appropriate 
as watching childrens TV. 




. THE NIXON MEMO: 

. Political Respectability, 
Russia, and the Press 

..By Martin Kalb. 248 pages. 
• $19.95. University of Chicago 
Press. 

Reviewed by 
Barbara Kellennan 

M ARVIN Kalb was smart 
to tdl this tale in which 
personality, press and policy 
are inextricably entwined. Once 
labelled a “Romanian agent” 
and placed on President Nix- 
on's “enemies list,” he has vis- 
ceral knowledge of the former 
chief executive’s conniving 
character. In his current posi- 
tion as director of the Shoren- 
stein Barone Center on Press, 
Politics and Public Policy at 
Harvard, he focuses on where 
press and politics intersect And 
since the matter at hand con- 
cerns Nixon's preoccupation 
with Russia, where Kalb has 
been stationed, the fit between 
author and subject is perfect 


WHAT THEY'RE READING 


• Sarwono Knsumaatmadja, 
Indonesia’s environment minis- 
ter, is reading “ Reinventing Gov- 
ernment: How the Entrepreneur- 
ial Spirit Is Transforming the 
Public Sector by David Os- 
borne and Ted Gaebler. 

“This book gives proven and 
practical examples of bow gov- 
ernments cope with scarce 
funds and other resources, yet 
perform better.” 

(Michael Richardson, IHT) 



At the center of the action 
memo written by Richard I 1 
on in February 1992 that 
dared in no uncertain tei 
that unless the Bush admi 
tration spearheaded a b 
drive to provide extensive ait 
Russia, we were at risk of “i 
ing” this most important of 
former Soviet Republics. In 
beginning the memo was s 
only to 50 of the best i 
brightest — such influential 
binaries as Henry Kissin] 


Zbigniew Bizezinski, Hugh Si- 
dey and Araaud de Borchgrave. 
But, Kalb writes, exclusive dis- 
tribution notwithstanding, 
“Nixon wanted the memo to 
leak; he just didn’t want to be 
fingered as the one who did the 
leaking.” His wish was shortly 
granted. The press, his ancient 
nemesis, did the deed, and with- 
in days Nixon’s ideas on what 
should be done about Russia 
were the coin of the realm. 

Kalb assumes that well never 


not want to hear another yarn 
about Richard Nixon, and he is 
probably right. Once again we 
are seized by the man, by his 
crafty and, until his death any- 
way. successful reconstruction 
of himself, and by his capacity 
to snare others into his web. 
Take George Bush, for exam- 
ple. The incumbent was merely 
minding his business when 
bam! — out of nowhere, he was 
ambushed by his former boss. 
Nixon being Nixon was not 
content to stick to the subject — 
aid to Russia that was more 
than “too little and too late.” 
He went on to imply that if 
Bush failed to follow his advice 
and if as a consequence Boris 
Yeltsin fell and either anarchy 
or despotism ensued. Bush 
would be blamed. As Kalb sum- 
marizes the memo, “Right or 
wrong, he would be seen as the 
president who lost’ Russia.” 

Despite the obvious genera- 
tional and ideological differ- 
ences between them, BQl Gin- 
ton was no more able than his 
predecessor to escape Nixon’s 


orbit. Dealt a foreign policy 
hand that under optimum cir- 
cumstances was un famili ar and 
unsteady himself on Russian 
terrain. Gin ton soon became a 
ready customer of Nixon’s 
wares. Here Kalb permits him- 
self a harsh judgment. Writing 
about the Nixon-Ginton con- 
nection, Kalb notes dryly that 
in general, the White House 
“seemed utterly tone deaf to the 
inappropriateness of a Demo- 
cratic president treating Nixon 
as a revered foreign policy ad- 
viser.” The fact that Nixon had 
a greater impact on Democrat 
Bin Ginton than on Republi- 
can George Bush is labeled “the 
ultimate irony.” 

I would nominate a different 
candidate for this dubious dis- 
tinction: the press as primary 
vehicle of Nixon’s rehabilita- 
tion. As Kalb’s chronicle makes 
meticulously clear, without 
willing agents ranging from 
Daniel Schorr to William Sa- 
fhe. and without ready vehicles 
such as The New York Times 
and CT4N (which carried his 


subsequent speech on the sub- 
ject "live”). Nixon would have 
lacked a medium to send his 
message. The former president 
had left to him neither power 
nor position. To carry his voice 
he nad to rely mostly on the 
kindness of strangers. 

What lingers longest is the 
compelling nature of the debate 
itself. We are. after all, familiar 
with the many resurrections of 
Richard Nixon, and we general- 
ly understand the power of the 
press full well. What we still 
have failed to master complete- 
ly is the issue of how to behave 
as a nation at the international 
level. For ah the flaws in his 
argument, and for all the self- 
serving reasons he had for pre- 
senting it in the first place, Nix- 
on's memo did shove this 
chronic question front and cen- 
ter. 


Barbara KeUemum, apolitical 
scientist, journalist and common- 
tator. wrote this for The Wash- 
ington Post. 


By .Alan Truscott 

T HE diagramed deal is a 
constructed one, and the 
reader may wish to consider 
what is interesting about it be- 
fore reading on. it was created 
many years ago by Waldemar 
von Zedlwitz, an aristocrat 
among bridge players who died 
in Hawaii 10 years ago. 

In bridge, he was brilliant 
both as a player and an admin- 
istrator. His closest friend and 
colleague was Albert Morehead 
and they worked together on 
book projects. One day, a 
young associate, Joel Gaines, a 
games inventor who has 
changed his name to Prince Joti 
kansil, made up a deal in which 
South could make three no- 
trump against any defense 
holding nine high-card points 
in the combined North-South 
hands. 

Morehead fairly quickly went 
one better, with seven points in 
the North-South hands. And af- 
ter an hour of effort, von 
Zedtwitz came up with the dia- 
gramed deal with points, prob- 
ably the ultimate. The biading 


is fictional but makes a smid- 
gen of sense if one accepts that 
South is operating in the hope 
of landing in a major suit, and V* 
that an obtuse North fails to 
appreciate taht the final redou- 
ble is an S.O.S. 

Conceive the frustration of 
the i m ag in ary East-West, on 
finding that 34 high-card points 
is not enough to beat three no- 
redoubled. In fact, a dia- 
Iead permits an over- 
trick. 

NORTH 

*2 

o — 

O A Q 10 

*10 98765432 
WEST EAST (D) 

*4 * K Q J 4 3 

* — SAKQJ10 9 

OK J98765432 0 - 

* A K *QJ 

SOUTH 
♦ 10 9 8 7 6 5 
08765432 
« — 

*- 

East and West were vulnerable. 

The bidding: 

East South West North 

2* 3 N.T. DbL Pass 

Pass RedbL Pass Pais 

Pass 

West leads (he dub ace. 




ASIA AND THE PACIFIC 1994: 
MERGING BUSINESS AND THE ENVIRONMENT 

The Regent Bangkok, Thailand - December 7-8, 1994 


An international environment forum, designed to promote dialogue between 
government ministers, leaders of business and industry and leading environmentalists 
worldwide, with a view to harmonizing economic growth and sustainable 
development. 


For further information please eoniaet: 

Vivien Peters, .Asia-Pacific Conierencc Oflicc, 
International Herald Tribune. Hong Kong 
Tel: (852) 9112 1 163 Fax: (8521 9222 J I Op 


CONFERENCE 

ORGANIZERS 

3tcralb%£nimnc 







Guff Of 
tog* 


J LATVIA 

;UEPAJA -'WAKSA 
i JELGAVA- 




Ank 64J58& squana HhwsS&ra- v 
^25^000 squaw ralasj 

-iEfSBsHPaat.-’ v v 


AjrmrfateJQO). 
P w l dBB fc GunfeOftnaffe 
Prims MhtMah Marfa &*ts- 


Structuring an Economy of Legacy and Niche 

The Latvian economy has now returned to growth with a 1 percent to 4 percent increase forecast for 1994. 


mm 


Bordering Estonia, 
Lithuania, Russia and 
Batons, LaMa Is an Im- 
portant re&onal 
transit point 


ggjgj 




Useful Addresses 


LAA Ministry 

Utvkm DsvsIopffMnt Agency of fils Economy 

8. PArmsSL 1442 FHga 36LBrivtab<**te 
Tsl.: (371 2) 28 7Q 86 or 26 34 26 lOffiHgjft 
F«c (371 2)88204 58 or 28 25 24 TO? (371 2)2288444 
Uhl» VftoBns, Director Fox: (371 2)2280682 

LPA Latvian 

MOWfclilU W A g f l O y laflWCfOIKu 

31, K. Vakfcmftre §L 4. Fte taufcuma . 

1010 ngs 1060 ngs 
T«L: (371 2)32 1338 TsL (371 2)32 7642 
F*#C (371 2)88 3063 Ftoc {371 2)22 9846 


Small countries live off 
their reputations, and Latvia 
is living quite well off its 
reputation at the moment. 
The “Switzerland of the 
Eastern Baltic" is how three 
of Western Europe's leading 
dailies labeled the country in 
recent articles, a reference to 
both the country's perceived 
attributes and its current way 
of earning a national Jiving. 

Like Switzerland, Latvia 
has a reputation that stems 
from the world's apprecia- 
tion of its finances and fi- 
nancial sector. The Latvian 

f ovemment has shown a 
wiss-like abhorrence for 
unbalanced budgets, trade 
deficits and debt loads. 
Latvia has a rock-hard cur- 
rency, the lat, whose 
strength comes from the re- 
spect accorded to the Lat- 
vian banking system’s effi- 
ciency, probity and reliabili- 
ty. Also like that of Switzer- 
land, Latvia’s financial sec- 
tor is thriving on inflows of 
funds seeking a safe haven 
from political and economic 
uncertainty. 

Functional and dynamic 
In a description worthy of 
Switzerland. Latvia is 
viewed as “a place that 
works." In the words of a 
Riga-based German chemi- 
cal executive, it is a place 
“where officials are respon- 
sible and their actions ac- 
countable. where it is possi- 
ble to process trade docu- 
ments. make a telephone call 
and get a supplier on short 
notice." 

The country also features 
a Swiss-like ethnic makeup, 
with ethnic Latvians ac- 
counting for 52 percent of 
the population, and Russians 


two-thirds of the rest. Once 
riven by segregation and 
mistrust, but now aided by 
increasingly conciliatory 
governmental policies, the 
country’s ethnic groups are 
making steady progress to- 
ward a Switzerland-like plu- 
ralism. 

Successful survival 
Although edifying, such 
comparisons don’t even be- 
gin 1 to encompass the .vast- 
accomplishments of the Lat- 
vian government over the 
last two short years,” says 
Professor Manfred Meier- 
Preschany, who has been 
serving as the government’s 
chief economic adviser since 
July 1993. “Nor do they im- 
ply the long, hard work that 
still lies ahead. Before any- 
one even thought of making 
ringing comparisons to 
Switzerland or Singapore, 
Latvia was confronting Iife- 
or-dearb questions about na- 
tional economic survival. 
That has been Latvia's ini- 
tial, most important accom- 
plishment: surviving - and 
surviving well - the most 
wrenching readjustment 
imaginable.” 

Until independence, 
Latvia was an integral part 
of the Soviet Union’s eco- 
nomic and energy supply 
systems. As late os 1 990, 
transactions with the dis- 
solving Soviet Union direct- 
ly accounted for half of 
Latvia’s gross domestic 
product and 95 percent of its 
total trade. 

Transit transactions 
Today, trade with the Soviet 
successor states amounts to 
around 40 percent of the 
country’s total. Since much 


of that stems from transit 
transactions, Latvia's “net 
exposure” to the CIS is said 
to be about 10 percent of 
GDP. By tapping new 
sources of supply and recon- 
figuring existing networks, 
“Latvia is no longer energy- 
dependent on Russia,” says 
Adrians Davis, chief execu- 
tive officer of the country's 
natural . gas authority. A sign 
of change: environmentally 
friendly natural gas now ac- 
counts for 40 percent of the 
nation’s energy budget This 
shift is one factor behind the 
noticeable improvement in 
the country’s ambient envi- 
ronment, seriously strained 
undo- the Soviet system. 

Back In the black 
In fact, as Mr. Meier- 
Preschany points out, Latvia 
has been doing more than 
merely surviving. After the 
first two post-independence 
years' plunges, the country’s 
economy made a return to 
the growth columns in mid- 
1994. with forecasts now 
ranging between i percent 
and 4 percent. During this 
time, the country’s private 
sector has been undergoing a 
major expansion. Since 
1991, some 60.000 compa- 
nies have been founded, of 
which an impressive 4,000 
are either partially or totally 
owned by outside investors 
from 80 countries. Net pur- 

risen 1 ? J*p^Mt < ov&f the 
past three years, suggesting 
the source of the obvious 
prosperity to be seen in Riga 
and in other major cities: a 
“shadow economy” of con- 
siderable size. 

“Survival has. to a great 
extent, come from the 


niche,” says Mr. Meier- 
Preschany. “Lasting, deeply 
based prosperity is gping to 
come from employing the 
niche's resources, impetus 
and contacts to restructure 
tire ‘legacy’ economy. I’ve 
seen a lot of business talent, 
patient industrioosness and 
hard-beaded common sense 
in this country, and it’s go- 
ing to take all of those quali- 
. ties to redo the legacy econ- 
omy." - .. 

Latvia’s niche is handling 
transit trade between the 
mam mass of the CIS coun- 
tries and the outside world, 
and providing related stor- 
age, finishing, assembly and 
financial services. This 
niche is large. Transit trade 
accounts for some 90 per- 
cent of the cargo transported 
through (he country’s three 
largest ports: Ventsprls, Riga 
and Liepaja. The niche is 
also a good provider for 
Latvia, keeping 1993’s bal- 
ances of trade, payments and 
services ail in the black. 


Jfir-wvr ■ -■-« v-,- ?;• 


4 '£/■. ¥( • : S? ii 

* tV,?-. f 


-ft 


i>j , y t| . - :i;w 


Burn in 1951, Maris 
Gaills earned a degree In 
mechanical engineering in 
1978. After holding a num- 
ber of industrial posts, Mr. 
Gaills entered politics In 
1990, serv ing as director of 
the international economic 
relations department or 
the Latvian government. 
Over the next four years, 
he held a variety of min- 
istry-level governmental 
positions before becoming 
prime minister on Septem- 
ber 15, 1994. 

Although they share ties of 
geography and history, the 
three Baltic countries have 
not been noticeably close or 
productive in the post-inde- 
pendence phase. What is the 
current situation ? 

Over the last three years, 
all three Baltic countries 
were often very occupied 
with coming to grips with 
their own national situations, 
and with defining and man- 
aging their relationships 
with Russia and other major 


countries and groupings. As 
a result, our countries hadn’t 
yet addressed themselves to 
tilling in the practical details 
of the extensive, far-reach- 
ing lies mapped out in vari- 
ous agreements. Since June 
13th and the founding of the 
Baltic Council of Ministers, 
we've been doing just that - 
focusing on such matters as 
further reducing border 
crossing times, devising 
common approaches to 
combating crime and har- 
monizing business-related 
laws and legislation. The 
first proposals are now being 
implemented, and they are 
already making a noticeable 
difference in our citizens' 
daily lives. 

The integration of its vari- 
ous ethnic groups has been 
described as Latvia 's 
biggest challenge. Latvians 
account for 52 percent of 
your country's population : 

' two-thirds of the rest are 
Russians. Reports af prob- 
lems with strict require- 


ments for citizenship, includ- 
ing fluency in Latvian, have 
been appearing in the inter- 
national press. Has progress 
been made in this area? 

To describe this situation 
in terms of ethnic groups is 
misleading. Allegiances and 
perceptions of interest are 
the applicable criteria. Inde- 
pendence came unexpected- 
ly and rapidly to many peo- 
ple resident in Latvia Many 
of our country's non-Lat- 
vians had never planned to 
be part of an independent 
Latvia, nor to be here longer 
than a few yean. They were 
thus left stranded here by 
events. And many of these 
people would like to return 
to Belarus or Ukraine or 
Russia, but are facing ad- 
ministrative and financial 
hurdles to their doing so. 
We're working on eliminat- 
ing these barriers on a bilat- 
eral basis. 

Many non-Latvians ac- 
tively demonstrated their al- 
legiance to Latvia during our 


country's drive for indepen- 
dence. Others have made it 
quite clear that they plan on 
making a life in Latvia for 
themselves and for their 
children, for very practical 
reasons. Our standard of Iiv- 


seeing encouraging signs of 
integration from these 
groups. For instance, a 
growing number of Russian 
families are sending rheir 
children to Latvian- language 
schools. You have to re- 



ing is relatively high; life 
here is attractive. For these 
people, and considering their 
depth of interest and length 
of rime-frame, 10 years of 
residency and a passable 
command of their new coun- 
try's language do not repre- 
sent unreasonable or insur- 
mountable obstacles. We are 


member one thing: Our citi- 
zenship requirements were 
formulated to clarify an un- 
clear, rapidly changing situ- 
ation, a situation that is now 
achieving a new normalcy. 
A very practicable modus 
vivendi is now emerging 
among Latvia's various eth- 
nic groups. 


Signs of a new prosperity 
are very evident in Latvia, 
even to the casual observer. 
Yet there are also reports of 
endemic poverty. Is Latvia 
achieving sustainable, 
broad-scale economic 
progress, or is this prosperi- 
ty restricted to a few “pock- 
ets of plenty”? 

Certain economic sectors 
were in our power to 
change, and in these areas 
we have acted decisively 
and quickly. The prosperity 
you’re seeing has ensued 
from these changes. Al- 
though the move was widely 
criticized at the time, we set 
up our new currency, the lat, 
and made it the hardest one 
in the region and currently 
one of the hardest in Europe. 
Along with a freely convert- 
ible currency, we also enact- 
ed free trade, free banking 
and See investment policies. 
The result is that Latvia has 
now become the eastern 
Baltic’s financial and trad- 
ing center. 


The Soviet legacy 
The legacy economy is the 
patchwork of aging industri- 
al conglomerates built by the 
Soviets, and the local mono- 
cultures existing around 
them, often the sole sources 
of employment for commu- 
nities. 'There’s another 
legacy from the past: the 
great stock of highly quali- 
fied, entrepreneurially mind- 
ed people working at the 
conglomerates,” points out 
Jams Zvanitajs. Latvia's 
economics minister. “Many 
green shoots are springing 
up in local communities. 
Our job is to interlink the 
niche and the legacy econo- 
my, to put our international 


Like Hong Kong in the 
old days, we’re handling a 
lot of the transit traffic be- 
tween the CIS countries sid 
the outside world, from as 
far away as Chile and China. 
As a result, our freight-pro- 
cessing sector is growing 
rapidly, along with trade-re- 
lated finishing an d manufac- 
turing. 

On a long-term basis, we 
can’t grow without a high- 
achieving industrial sector. 
Plans of our food processing 
and consumer goods indus- 
tries have already managed 
the turnaround, as has our 
construction sector. Other 
manufacturing operations, 
often funded by foreign in- 
vestment, have started up, 
causing a strong, overall rise 
in manufacturing turnover. 
But (be restructuring of our 
heavy industry, which was 
interlinked with the Soviet 
system, and particularly to 
its military-industrial com- 
plex, is proving a large job, 
requiring large amounts of 


business community on-line 
with our local communi- 
ties.” 

In fact, according to the 
latest statistics, that process 
has already started. Manu- 
facturing output is currently 
up 10 percent over the previ- 
ous year, led by a fast-grow- 
ing, successfully exporting 
food-processing industry. 
“Real” (included urtreportn' 
ed) unemployment seems to 
have peaked at 8 percent: 
Announcements ofmaj^b*-* 
vestments in manufacturing 
companies have become,- 
standard fare in local news- 
papers. The upcoming wave 
of privatization is expected 
to put the restructuring of the 
legacy economy into full 
gear. 

The new vibrancy 
Still, economic statistics tell 
only part of the story of 
Latvia's transformation, ac- 
cording to Vita Anda Terau- 
da, one of the many Latvian- 
Americans taking parr hi re- 
building the country. A 
holder of dual citizenship, 
Ms. Terauda is the country’s 
minister of reform. 

“For most Latvians, the 
transformation has been ex- 
perienced as a prolusion of 
colors, possibilities, issues 
and, of course, concerns and 
worries," says Ms. Terauda. 
“Most of all, it’s been per- 
ceived as a fast-paced flurry 
of events. Sometimes I have 
to simply stop and ask my- 
self what happened to the 
Riga of bread tines and drab 
buddings and cold, uncom- 
fortable rooms. That city has 
so little in common with to- 
day’s vibrant, well-function- 
ing Riga.” 

Terry Swartzberg 


■A 

. \ 7+- .... J tv, -m* * W ; vr> 


capital and management 
know-how. Both of these 
items will be forthcoming 
from Latvia's emerging cap- 
ital and equity markets, be- 
ing created in conjunction 
with the privatization pro- 
gram, now wefl into its main 
phase. 

A nation’s prosperity, of 
course, is. the sum total of 
many individuals’ prosperi- 
ty- Very many Latvians, in- 
cluded many of my own 
friends, have fully exploited 

their first-in-a-Jiretime 
chance to try out new fields 
of activity, new ways of do- 
ng things. For five decades 
aftwafl we were denied this 
freedom. And many people 
m Latvia are actually prov- 
ing to be very good at run- 
ning their new businesses or 
engaging in their previous 
professions in a new way 
This broad array of individ- 
successful endeavors is 

jSfcT" ” n0W ™ 

Interview by T& 


■W.JBO 


I 













\ 


Page 12 ' 

MARKET DIARY 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


U.S./AT THE CLOSE 


Wall Street Slumps 
On New Rate Fears 


Via Associated Press 


Dow Jones Averages 


EUROPEAN FUTURES 


! Dovf. J^es^dusirial average 


Om Mali Low lost a*. 


Metals 


Indus 3855 JO 3875.15 3837.13 3837.13 _ J6J4 
Trans 151861 1S32.lt 1516JM 151EB4 — X96 
: UM 179.08 181.19 178.53 17921 -027 
Corra 12936? 1302.03 T 789 27 12B9.84 —4 IB i 


: NEW YORK — VS. stocks 
Ridded Wednesday frt r a third 
day as a Federal Reserve effort 
10 bolster the dollar failed to 
offset concern about an immi- 
nent increase in interest rates. 

Mounting evidence of rising 
inflation led some investors to 
believe the Fed will raise rates 
when its policy-making com- 
mittee meets Nov. 15. That was 
enough to erase gains made by 


nervousness about Treasury re- 
financings and by the U.S. un- 


employment report scheduled 
for release on Friday. 


U.S. Stock* 


stocks after the central bank 
supported the U.S. currency by 
buying dollars and selling yen 
and Deutsche marks. 

The Dow Jones industrial av- 
erage sagged 26.24 points, to 
3,837.13, after being higher 
much of the day. The index has 
lost 93.53 points over the last 
three days. 

The Standard & Poor's 500 
index fell 1.91 to 466.51 as 
chemical producers, media 
companies and electrical equip- 
ment manufacturers slumped. 
The Nasdaq Combined Com- 
posite Index closed 0.37 lower 
at 771.82. 

Trading was active, with 
33139 million shares changing 
hands on the New York Stock 


Exchange, up from 314.95 mil- 
lion Tuesday. About four 


lion Tuesday. About four 
stocks fell for every three that 
rose on the Big Board 

Analysts said the U.S. sLock 
market’s losses also reflected 
the release of the Federal Re- 
serve Board's so-called Tan 
Book on the economy, which 
said retail price pressures were 
building as an expanding econ- 
omy pushed raw material costs 
up. 

The U.S. bond market, which 
slumped Tuesday, weakened 
further Wednesday as the 30- 
year benchmark U.S. Treasury 
bond’s yield rose to 8.09 per- 
cent from 8.06 percent. The 
market was undermined not 
only by the Tan Book but by 


for release on Friday. 

Hugh Johnson, chief invest- 
ment officer at First Albany 
Corp., said the Tan Book made 
it almost certain the Fed would 
raise rates at the Nov. 15 meet- 
ing of its policy-setting Federal 
Open Market Committee. 

“The report essentially con- 
firms what we already knew or 
strongly suspected, and that is 
that we are seeing economic ac- 
tivity expand across the board," 
he said. “The bottom line is that 
it gives the Fed the ammunition 
to raise rates at the Nov. 15 
meeting. If there's such a thing 
as a sure bet on Wall Street, this 
is it.” 

Looking ahead, analysis said 
investors were waiting for the 
Friday release of the Labor De- 
partment report on U.S. em- 
ployment for more concrete 
signs of what the Fed might do 
at its policy meeting. 

Also on Wednesday, the 
Commerce Department report- 
ed that factory orders declined 
0.2 percenL in September, while 
orders for durable goods rose a 
krger-th an -expected 0.4 per- 
cent last month. 

OfficeMax Inc was the most 
active U.S. issue. Its initial pub- 
lic offering of 33 million shares 
rose 5% to 24%. The company 
operates more than 300 stores 
selling discount office products. 

Biogeo rose 1 to 41 after Kid- 
der and several other houses up- 
graded the stock's rating, citing 
the stock's low price. 

Intel rose rose 1% to 62ft af- 
ter Goldman Sachs upgraded 
Cypress Semiconductor to 
“trading buy” from “moderate 
outperform er,” saying it ex- 
pected rapid growth in the stat- 
ic random access memory chip 
market. The upgrade lifted the 
semiconductor sector as a 
whole. 

(AFP, Reuters, Bloomberg, AP ) 



Standard & Poor’s Indexes 


Industrials 
n uup. 
UMIttCH 
Finance 
SPOT 
SP 100 


HM LOW Close OVBB. 
559 JO 35148 55445 —222 
MU9 3H92 364.92—224 
15135 150.41 151.13—033 
CSS CDS 43.14 “*0.11 
470.72 466J6 44650 — 1.92 
437J56 43112 4334#— 120 


NYSE Indexes 


Htoh Law Lust am. 


i Commits. 
Industrials 
Transo. 
jjlBjtY 
Finance 


257.87 25575 255.99 —0.75 
325.60 322.99 323.12 — l.tS 
234.07 234.13 23425 -0.99 
ICQ.* 20145 20130 -OM 
20431 20277 20107 —079 


dose previous 

BM Art aw ASK 
aluminum (Hha erode) 

jar mm aSe\m* »» 

nrmrd 1059.ro 104000 ISS5S0 I856J0 
COPPER C ATHO DES (HWi Grade) 

§2t n "* **" "mjjflTMJH 271100 271300 
Forworn 269100 269300 269600 269700 
LEAD 

mm 

Forward 43350 48400 67800 67900 

NICKEL _ . 

SS"™ ^ "wSMO^MOOffl 741500 M250D 
Forward 755000 756000 753500 7S4OO0 
TIN „ _ 

iSSS^ ** "S&ftuu 598000 999000 

Br B " r T»FW mm as 

Forward 117000 117100 115700 115800 


KIBO taw Lest Settle art* 

N.T. N.T. N.T. 15125 —025 

15325 15300 15300 15300 - 025 

NX NX N.T. 15500 UnrfL 

XT N.T. N.T. 15623 Untfv 

StI N.T. XT. 157 JO Un*. 

N.T. N.T. N.T. 14050 Unch. 


AW XT. N.T. N.T. 15623 Untfv 

E? NX N.T. XT. 157 JD UntfL 

Oct N.T. N.T. N.T. 14050 Unch. 

Est.volwne: 14250 . Open tot llffiSW 

S iw 1734 17 J 0 1759 +026 

jSS IM 0 1487 17.11 17.11 +009 

Mi lui 1470 1491 14.92 +005 

H 2 . 1128 1456 1478 1476 +006 

JfjSf 142 1451 1451 1466 +004 

1446 1444 1444 1442 +004 

JW 1453 1&53 1453 1458 +085 

jS? 1 MD U 4 t fUB 

An N.T. N.T. XT. 1454 + 0 JB 

(LT. N.T. XT. 1455 + 003 

Not 

Est, volume: 5 M 11 ■ bit. 180107 . 


1720 1487 17.11 17.11 +009 

2 <W 1620 1491 1492 +005 

1428 1456 1478 1476 + 006 

1455 1451 1451 1466 +004 

1646 1444 1464 1442 + 004 

5453 1453 1453 1458 +OU 

1451 I 4 C 14 * 1440 +00 


1440 1440 +003 
XT, 1454 +OB 3 
XT. 1455 +003 
N.T. 1454 +003 


Fed Says Inflation Signs Are limited ; c ; 

WASHINGTON (Combined Dispatches) — U.S. producer 
prices are continuing to rise, leading to increased reports of. 
manufacturers passing along those higher costs in their selling 

prices, the Federal Reserve said Wednesday.. 

But most Fed districts are reporting no change m retail prices, 
although “pressure is building in some districts,” the Fed said in 
its so-called Tan Book. The report said the nation was experienc- 
ing & broad expansion with Limited signs of inflation. 

Separately, the Commerce Department said that factory orders 
declined 02 percent in September, while the index of leading 
indicators — a gauge of economic growth oyer the next half year 
— held steady. (AP.- Bloombfrg Knight-Ridder) 


Stock Indexes 

Mod Low CtaK Change 


Microsoft Announces Partnerships 


4 J A S ON 


NYSE Most Actives 


□ffiulix n 

GnMotr 

ChikJTel 

RJRNoto 

NtSeml 

Oryx 

WqlMort 

Gampoq 5 

MicrTe 5 

QuttcrO 

FgrdMs 

BM 

PtriMr 

Motor las 

Spnm 


VaL Htoh 
139534 3694 
63359 39 ft 
47472 93 ta 
32153 7 
31059 1844 
29479 14ft 
28959 24 Vk 
28615 42 
2B517 «m 
26828 71ft 
26807 I9ft 
26293 7Sft 
2S2S2 60ft 
22829 60 ’A 
20140 33ft 


NASDAQ Indexes 



High 

Law 

Last 

OB- 

Composite 

Industrials 

Bonks 

Insurance 

Rnance 

Transo 

77626 

78630 

729.68 

91736 

90239 

69936 

77131 

90139 

72631 

91232 

900.97 

696.07 

77232 

7KL76 

72739 

91534 

901-23 

69607 

-0.43 

♦1,44 

— 3J3 
— 131 
— 20 
— X8S 

AMEX Stock Index 



i+gft 

LOW 

Lost 

Oqj. 


455.84 

453.98 

45A18 

— 1-34 


Financial 

Higk low Own Change 
3 -MONTH STERLING (UFPE) 

£80680 - poof IDO pet 


Dew Jones Bead Ai 


20 Bands 
10 utilities 
10 Industrials 


NASDAQ Most Actives i NYSE Wary 



VbL Hfth 

LOW 

Last 

Chg. 

Novell 

111543 Iflri 

18 

lBft 

—1ft 

Snappft 

96716 14 W 

13ft 

13ft 

—Vi 

TelCmA 

67406 22 Vi 

toft 

tort 

— iVi 

Ciscos 

66173 32W 

30ft 

31ft 

4-i 

Intel 

99275 63ft 

61ft 

62ft- 

- IV* 

BavNtwS 

429T3 28U 

26ft 

27ft 

+ 1 

Micsfts 

38223 64V* 

62ft 

63 

,ft 

Mettionx 

33250 15V. 

14ft 

>4«i 

—ft 

MCI 

30386 22ft 

22 ft 

22ft 

—ft 

DSC 5 

28468 32ft 

toft 

31ft 

-ft 

Rouen 

27703 41ft 

40 ft 

41 

+ 1 

Lotus 

27524 39ft 

38ft 

39 ft 

+1 

CmndCr 

22279 ’V„ 

v» 

’•s 


Scouata 

21191 26ft 

25 

toft 


Ornda 

70471 16 

14ft 

l». 

— Il* u 


Advanced 
Dedlnad 
Unchanged 
Total teiues 
New Hahs 
New Lows 


939 627 

1278 1619 

698 663 

2915 2889 

45 25 

170 1S2 


Dm 9154 9166 9152 +051 

Mor 9176 9252 9272 + 062 

SSI 92.15 9250 9111 + M6 

Sep 9171 9157 91J6 +8® 

Sc 9157 9178 9U2 +007 

%&■ 01.12 9152 9156 +805 

9089 9080 9083 +003 

S 9070 mo mu +002 

D« 9059 9055 9053 +0JH 

Mm- 9051' 9065 9067 +001 

Jan 9046 9066 9046 +051 

Sep 9042 903? »» VtiCh. 

Est. volume: 80777. Open ML: 684821. 

SUMO NTH EURODOLLARS (UFFEI 
SI million -Pts or »o pet 
Dec 9198 9098 9358 — 0JU3 

unr N.T. N.T. 9348 —006 

jSf XT. N.T. 9299 -007 

N.T. N.T. 9252 — 010 

Est. volume: 2. Open int.: 4782. 

3-MONTH EUROMARKS CUFFS) 

OM1 mlUlaa - Pts of HO pet 

Dec 9654 96J0 9452 UmA 

ssr as as =ffi 

Sep 93.77 9358 9371 —004 

MC 9149 7322 9035 —005 

mar 93-12 9X05 9100 — 004 

Jon 9255 9Z7B 9LB1 -005 

5ep 92J9 9256 PZ57 —005 

Dec 92-40 9255 9255 — OM 

MPT 9259 9256 9225 -006 

Jon 72.1? 92.14 92.14 — 006 

sap nor not Tim —007 

Est. volume: 110.960. Open Ini.: 678. Ml 
3+tONTH PI BOR (MATIF) 
FFSlMBtOn-PTSOf IMpd _ 

Dec 9659 9625 9656 — 003 

MOT 9354 9378 9181 —004 


Mob Low CtaK Change 

FTSE1W lUFFEj 
GS per Index point 

Dec 37 WO 30710 30975 —220 

MV 3131 JO 3WM 31176 -fli 

JOT XT. N.T. MM -215 

Est volume: &W1. Open tot ’.57,657. 

CAC 48 (MATIF) . 

Per wmbo^hitliio 1579.M '-»» 

£ “K S 

C "BS 

Sw N.T. N.T. 195600 UnctL 


NEW YORK (Combined Dispatches) — Microsoft Corp. an- 
nounced Wednesday it had eight new partners in its pursuit of a 
strategy for deploying a set of- interactive software technologies 
that extend from the local cable operator’s offices to the consum- 
er’s living room. 


The partners are Hewlett-Packard Co., network operators U S 
West Inc., Telstra Coip. of Australia, Deutsche Telekom and 


systems integration companies including NTT Data, Olivetti 
SdA^ Anderron Consulting and Alcatel Cable. 


Esf.vohmw: 2L17LOpcn lot.: 61504. 


Sources: Motif, Associated Press. 
London inn Financial FVturo* ExcttanuA 
irtl Petroleum Exchange, 


SpA^ Anderron Consulting and Alcatel Cable. 

(NYT, AP, Knight-Ridder) 


Kantor Gives a Nod to Singapore 


Dividends 


Company Per And 

IRREGULAR 

Anglo Am Gold c 524 

MFS Special Value - .I3W 

Ban Ener gy Par - OS 

B«pprex amount per ADR. 

STOCK 

Conastoaa Enterpr - 5% 

STOCK SPLIT 
Fst United Bncptn 3 tar ? jrtlt. 


11-11 M 
11-15 11-30 
11-18 17-9 


Iomega Cara 5 tar 4 sriiL 

INCREASED 


AMEX Diary 


ptSttlMpCt 


UQ 

9429 

0425 

9<26 

9184 

9178 

9181 

—004 

9141 

9136 

9138 

— 006 

934)2 

7234 

9199 

—ILK 

9232 

9257 

7240 

—BIH 

9232 

9229 

72-30 

— 007 

92.11 

92JD7 

91* 

—009 

9133 

9149 

9190 

— 009 


Horizon BntPWVlnc _ 55 

Kemper MultIMfCt M 5775 

itadbeni Coro Q jb 

NWNJPm.lCMnFd M JIM 

RFSHoM Q 56 

USP REIT Q 07 

UnUd SvssBk MT a .19 


12-1 12-15 
IMS 11-30 
11-10 12-1 
11-15 12-1 
11-7 11-W 
11-8 11-71 
11-14 11-28 


WASHINGTON (Reuters) — U.S. Trade Representative 
Mickey Kantor on Wednesday signaled an end to a trade dispute 
with Singapore. 

The dispute broke out between the two countries over the 
p unishm ent of an American teenager who was convicted in 
Singapore of vandalism. At the time, Mr. Kantor said be would 
block Singapore’s bid to host the first ministerial meeting of the 
so-called World Trade Organization, which will replace the Gen- 
eral Agreement on Tariffs and Trade next year. 

Revealing a compromise to break the impasse; Mr. Kantor said 
the first WTO ministerial session was now set to take place in ^ 
Geneva and that the second meeting could then go to Singapore. 


AMEX Most Actives 


AdvencM 
Declined 
Unchanged 
TWal Issues 
Now Highs 
New Laws 


250 184 

329 387 

229 239 

003 BIO 

13 10 

39 40 



VOL 

Hgh 

Law 

Last 

a» 

VlOC VTt 

2D923 

IV|. 

IVi. 

1V„ 

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38ft 

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4Vii 


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lift 

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5722 

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toft 

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55*6 

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10ft 

♦ ft 

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5235 


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4Vu 

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US Ale 

5191 4<V n 

3ft 

4 

— «*to 


NASDAQ Diary 


Advanced 
Decttnaa 
Unch ang ed 
Total issues 
Newtfighs 
New LOWS 


1560 1219 
1705 7028 
1866 1865 
Sill 5112 
102 BO 

ioi in 


Esl. volume: 32732. Open bit.: 190703. 
LONG GILT (LIFFEJ 
I 5 MW - Pts A 32 nds a* 1M pet 
Dec 100-Z7 100-06 100-17 -0-22 

Mar N.T. N.T. 99 23 - 0-20 

Est. volume: 6&6U. Open ML: 104506. 
GERMAN GOVERNMENT BUND (LiFFE) 
DM SUM - Pts Of 100 PCt 
Dec 8922 8851 8885 — 049 

Mar B82D 8880 8884 -050 

Est. volume: 166736. Open Ini.: 18434a. 
10-YEAR FRENCH GOV. BONDS (MATIF) 


Nuv CAMtmlnc 
NuvMunlRC 
Nuv NY Man Inc 
Nuv PrmlncMnFd 


11-15 12-1 
IMS 12-1 
11-15 12-1 
IMS 12-1 


SPECIAL 

Baldwin Lyons A&B - .10 


Landmark Bncshn - 50 

INITIAL 


Tl-15 11-29 
11-10 11-29 


RaMn Truck n 84 

Nuv MJ hrQMnFd _ 815 

Nuv NJ PmlncFd . 815 

Nuv VA pm IcMaFd _ 865 


11-13 12-15 
1FI5 T2-1 
11-15 12-1 
11-15 12-1 , 


U S West Discussing Cable Stake 

NEW YORK (Bloomberg) — US West Inc„ a regional tele- 
phone company, is among a number of suitors discussing buying 
or acquiring a stake in Continental Cablevision IntL, a closely held 
cable television company in Boston, according to an investment 
banker familiar with the discussions. 

Continental Cable has held talks with some potential partners 
for several months and has slowly been narrowing the field to a 
few, including U S West and possibly a long-distance carrier, the 
banker said. 


FF5MU100 ■ 
Dec 

-ntsMIMPCt 
10938 109.14 

109 JO 

— 064 


10846 

10036 

108.48 

— 066 


10744 

10792 

W7A6 


Sep 

N.T. 

N.T. 

11X90 

— 064 

Est. volume: 101311 Open 10.: T+L665. 


Albany M A 
Am Greettnss A 
Avalon Proo 


REGULAR 

Q 8875 


Spot Commodities 


Market Sales 


Industrials 



Today 

Prav. 


Close 

coos. 

NYSE 

331 15 

36267 

Amex 

I8J52 

2261 

Nasdoa 

lnmUUon± 

331.12 

318-76 


Commodity Today 

Aluminum, ib 0834 

copper etecfroIvtiCi lb 159 

Iran FOB. Ian 21380 

Lead, lb 

Silver, frav az 5585 

Steel (scran), tan 12780 

Tin. lb 6 8115 

Zinc, lb 05732 


High Low Last Settle OTOe 
GASOIL (IPE) 

U5. doihn per metric tan+ats of 100 tans 
Nov 15450 15255 15275 15275 — 050 

Dec 15650 15650 15583 15580 UncfL 

Jan 157J0 15400 15680 15680 — 05S 

Feb 15850 156.75 15780 15780 — 025 

Mar 15775 15780 15780 15780 — 050 

Apr 15575 15580 15580 15580 — 050 


Cooper Indus] 
DuffPhefpUtCorpBd 
Family Bncp 
f«b screw 
fn Fin Bkdira lac 
FstSvgBfcCorp 
Indiana Fedl 
May Deal Stare 
Money Stare 
NvwEngland Bus 
NttwastUtn 
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Raven lad 


a-aanaal; g-payaMe In 
aantblyj «Hanrterty; i 


Q 76 
Q JD 

m jm 

§ 2 
— .28 
a 76 
Q .15 
Q 76 
Q 8475 
Q 70 
9 M 
□ .115 
Q .105 
Canadian 


12-2 1-2 
11-25 12+ 
11-14 11-21 
11-30 12-15 
12-7 1-2 

11-15 11-30 

11- 14 11-21 
124 1-2 

12- 16 1-2 

11-10 12-5 
1M6 11-30 

12- 1 12-15 
11-16 12-1 
11-11 11-25 

13- 1 12-30 

11- 15 12-1 

12- 22 1-13 


Former Towers Executive Settles 


NEW YORK (Bloom bag) — Steven Hoff en berg, the former 
chairman of Towers Financial Corp., agreed to pay S60 million to ; 
settle allegations that he defrauded investors who bought more 
than $460 million of the bill-collection company’s bonds and ; 
notes, the Securities and Exchange Commission said Wednesday. - 
Under the settlement with the SEC, which sued him in 1 993. Mr. 
Hoffenbeig also is barred from running a public company. The 
settlement includes $292 million for the return of allegedly illegal 
profits, $7.9 million in interest and $22.8 million in penalties. 


CompUSA Posts First Quarter Loss 


MUSIC: Smaller Labels See Opportunity for Resurgence as Major Record Companies Play Musical Chairs 


Continued from Page II 
since then Mr. Morgado and 
Mr. Morris have changed the 
leadership at all three of the 
company’s labels: Warner 
Brothers, Elektra and Atlantic. 

Sylvia Rhone, former head of 
Atlantic's East West label was 
named chief of Elektra Enter- 
tainment this summer. 

Danny Goldberg, the head of 
Atlantic Records, is expected to 
be named chairman of Warner 
Brothers. Val Azzoli. the top 


marketing executive at Atlantic, 
is expected to move into the lop 
spot there. 

Last week, as an open revolt 
seemed to sweep Warner Mu- 
sic, several people were fired at 
Elektra. Heads may soon roll at 
Warner Brothers*, and such 
popular artists as the rock 
group R.E.M. have threatened 
to leave the Warner Music fold. 

Industry analysts say all this 
reflects badly on Mr. Morgado 
and his boss, the chairman of 


Time Warner, Gerald M. Levin. 
And some industry executives 
say they expect Mr. Morgado to 
leave, m the wake of the an- 
nouncement by Time Warner’s 
board Monday that it had 
named an outside director, 
Richard D. Parsons, to the new 
position of president of Time 
Warner — a job Mr. Morgado 
was thought to covet 
Despite the chaos, much of 
the recording industry remains 
a money machine. Music gener- 


ates more cash than either pub- 
lishing or movies and requires 
less investment than cable tele- 
vision. And while music is more 
tangible than "interactive me- 
dia," it is just as hip. 

Warner Music, for example, 
which had revenue of $3.3 bil- 
lion last year, is on its way ton 
banner year in profits with a 
relatively minimal capital in- 
vestment said John Reidy. an 
analyst for Smith Barney. 
“They may have put in $50 mil- 


lion to generate $700 million," 
he said. 

Warner Music is unlikely to 
see any near-term erosion in its 
position as the industry’s lead- 
er, with a market shore of nearly 
22 percent — well ahead of the 
second-biggest record distribu- 
tor, Sony Music. . . 

Though the in-fighting has 
not been as public, other big 
recording companies have seen 
similar discord, as corporate ex- 
ecutives, who see music as a 


cash cow, have riled the record- 
ing people, who say those who 
watch the bottom line stifle cre- 
ativity. 

“Four of the six heads of ma- 
jor record companies have little 
or no background in the busi- 
ness," said one executive, citing 
Mr. Morgado at. Warner Music, 
Michael Domemann at BMG, 
James Fifield at EMI, and Mi- 
chael Schulhof at Sony. "If you 
didn't grow up in the business, 
you don't get the gestalt.” 


DALLAS (AP) — CompUSA Inc. said Wednesday its loss 
widened in the first quarter of its financial year despite a 34 
percent increase in sales. 

During the quarter ended SepL 24, CompUSA posted a loss of 
$3.15 million on sales of $585.7 million. The company recorded a 
$986,000 loss on sales of $436.6 milli on a year ago. CompUSA is 
the largest U.S. computer retailer. 


For the Record 


First Data Corp-, the world's largest processor of credit-card 1 
transactions for banks, agreed to buy Card Establishment Services ‘ 
Inc. for $500 million in stock and will assume about $180 million 
of its debt. '( Bloomberg ) ' 

Rockwell International Corp.. the aerospace, automotive and 
electronics company, said its fourth-quarter profit rose 10 percent 
to $165 million because of increased sales from commercial and 
international markets. (Knlght-Ridder, Bloomberg) 


WORLD STOCK MARKETS 


U.S. FUTURES 


Setaon Season 
Ho* Law 


Open Hah Low Close Om On. Int 


Season Season 
HWi Lax 


Open high Low Ooso Oa Op.W 


Agence Fiam Praug Nov. 2 


Amsterdam 


ABN Amro HU 5980 5980 
ACFHoWinB 36J0 3660 
Aegon 10380 10440 

Ahold 
A too Nobel 
AMEV 


10380 1S440 
4050 4780 
208 21180 
6980 7080 


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Thyncn 

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Vaba 

VEW 


Bote-Wessanen 3380 3350 


Volkswagen 43 
Walla 1 

DAXtadex : ME 
Previous : 2M973 


C5M 6870 6950 

DSM 14150 141 

Ebevter 1450 16.90 

Fokker 15 1538 

GIsf.Brococtes 4470 45.10 
HBG 2B5 286.5® 

Hatncken 26150 245.40 

Hoooovens 7870 7970 


276 279 Flsons 
986 999 Farle 

42362870 GEC 
285 287 Gen’l ACC 

305 315 Glaxo 

495 50i Grand Mel 
37950 37V50 ORB 
4saaj 474 Guinness 
43750 445 GU5 

1015 1008 Hanson 
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Via Aisodated Press Nor. 2 


1207 1081 Mar 96 1207 1230 1207 

1175 I LIB May 96 

11.95 1170JUI96 

Est. sales 43778 Tue's-sNes 20,965 

Toe’s open WIS6JM0 up ISPS 

COCOA (NCSE) IDmWiicWns-SBBr Wi 

15B0 1(71 Dec 94 I3J4 1328 1308 


HU6 2.226 
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*0.16 » 


91180 92890 Jun 96 92100 92100 92030 91040 -60131.636 

92570 91.980 Sep 96 9L990 91.990 91.920 91.930 -40170866 

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Toe's open ini 258L483 Up 10237 


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685 688 CdnWIlA 24% 24 Vi StoraAF 

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229 230 crownx Inc T7Mi 17Vj Ww BF 

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428 484 Heeslnfl Ba> 13** u 

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188 150 Imasco LW 39W 398* „ 

625 623 Investors Grp Inc 16 1514 

685 697 Labatf (John) 20V> 2051 

186 187 LablawCas 201* Z0W g^*. 


Hunter Douglas 7520 75 

IHCCakmd 4240 ‘4250 
Inter Mueller 9420 9290 
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Pakhoed 

Philips 

Polvaram 

Robeco 

Rodamco 

Rollnco 

Rarento 

Royal Dutch 

Stark 

Unilever 

VonOmmeren 

VNU 


9620 9290 
78 7880 
47 JO 4850 
69.70 4980 

53.10 5388 
5350 5670 
7X5S 7640 

65.10 4550 
5470 5580 

73.10 73J0 
11290 11350 

5080 50.90 
115 116JB 
82 8210 
190 19280 
4450 4580 
19880 199 JO 
46 4670 
178 17750 


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Emo-GutaH 

Huhtamakl 

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Nokia 

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171* 18* AftaersvaefidBaj 186640 
12V* 121* PlWOU* : 187783 


43* 44A Tpct« Index : JM9 
^ ^ Previous : isn 


Toronto 


2B 20 

13** _ 14 


Sydney 


AWfibi Price IB 

. Air Canada 79* 

f AJberlo Energy 20V* 

ojk AIK Alcan Alum mum 35*b 

5^ 25 Amer Barrick 31*b 


'I? 111 LsgalGenGrp <37 666 Malson A 

Ltowls Bank 521 573 Natl Bk Canada 


1Q| IOI HV 

^ ^ meSc 5 * 
1 I NrtwS™' 


616 <17 JWwwaA 


619 SS BC 


I NttiWst Water 586 SM Ouebecw B 




M7 ^20 S BHP MJOroa srss^sratta *77 

NaHBk Canada % 9% Krtivllle 075 a« ^CE 

6ll S SSwSaA^ 19V* lS Coles Mver <19 <24 I&JESEr 

Jta rii PmcdnPetralm 41« 43 Comalco 580 Siti 

SJ8 liS p85?gs* m L? ^ ^ ^ 

6^ 641- 8 ,9 5S !OAu5hallo ,d 11^ ySt cdn Na,,jro1 »= 

637 639 Royal BkCd a » 28'- JCt*J™al w 'i'JS CdnOccId Pel 32V* 

1.93 154 Canada Inc 8V* Bib JffSr* 0 " I S JK5 Cdn Pacific 21V* 


WHEAT (COOT) Utiwnminn-fNnMrlniM 

618V, 3-OS Dec 94 187 1*3 186 Vl 197V. *0051* 36041 

626*, 127 Mar 95 197% 60315 197Vi 601 *BJ5V: 26689 

3991* 1)6’'] May 95 175*': 381VV 375Vi 181 *0051* <166 

38i*'i 111 JU 75 3L47 149'* 147 149 *Un’A 9.964 

365 350 Sen 95 151V-. 353 151 Vj ISJVj -051V, 277 

175 155 Dec 94 384 ,0.(13 V, 15D 

154 Vl 3 34 Vl 5496 137 ,08215 6 

Esi. sales 16000 Tue's sorts 16717 

Tua'sopenini r 5,293 ofl 20 

WHEAT (KBOTJ uabumHnun-MnRruM 

623<6 112*1 Dec 94 196V, 6021* 196 607 >* * 0.07 18744 

477V. 375 Mar 95 1WV, 604 1781V 6ff3Vi *0JJ6 H486 

4J3 131V, May 95 1811V 386 1819, 186 -006 1544 


1580 

10*1 Dec 94 

1374 

1320 

1605 

1077 Mw 95 

I3SS 

1366 

1612 

1078 MOV 95 

1304 

UVD 





15*8 

13* Septa 

1429 

I4JU 

1633 

1290 Dec 95 



1676 

U5DMO-96 

15* 

1503 

1642 

1225 MOT 96 




148V. 114'* Art 95 352 154ft 352 354ft ,08216 3787 


Pancdn Pefialm *114 

454 Power Corp 18V* 


603 5JM Power Pin! 


560 5JB 
1886 1984 
655 485 
1.15 1.16 


BambanflerB 
Bramalea 
Brascan A 
Cameco 


Hong Kong 


Woilers/Kluwer 11980 12150 

MUffiar 


Brussels 


A imam i 

Arbed 

Barca 

BBL 

Bekaert 

CBR 

CMB 

CNP 

Cockerill 

Cabeaa 

Calnivt 

Demote 

Electrabei 

Eiectraflna 

FartlsAG 

GIB 

GBL 

Geraert 

GlavertkH 


Kreatelbcmlc 

Masane 

Petroflna 

Powerfln 

^ — -^M-t ■ 

tewtun 

Royale Beige 
Sac Gen Banque 
Sac Gen BetomM 
Safina 
Salvav 
Tessenderla 
TractettH 
DCS 

Union Minlere 
Wagons Ufa 



Prudenlial 
Rank Ora 
Reck 1 11 Co I 
Redland 
Reed Inti 
Rooters 
RMC Group 
Rolls Royoe 


Rommn limit) 422 <19 


6J7 639 Royal BkCda » 28'- 

1.93 154 feora Canada inc 8W. m 

582 588 Shell Cda A 449* 441* 

113 3.15 South am Inc 14V* 14ft rvL5 0nft 

g y Ksassv.'i8ffi’"“ MS 

9 9 w&ass 


197 190 CdnOcdd Pei 
M 290 gnPacttta 
1052 KL54 WSWBOBS KOPer 

“S *8* Consumers Gas 

SST.ndB 
iS 126 &£H!£SF A 


7460 7360 
4950 5000 
2375 2410 
4220 4185 
23425 23950 
11975 11925 
2600 2590 
1940 1W0 
19S 194 

5380 5320 
7050 7110 
1254 1242 


Salisbury 
ScolNewcas 
Scot Power 
Sears 

Severn Trent 

Shell 

SM» 

Smilti Nephew 
Smith Kline B 
Smith (WH) 
Sun Alliance 
Tata & Lyle 
TfiSCO 
Thorn EMI 
Tomkins 
TSB Group 
Unilever 
Uld Biscuits 


!j* ?f? S"* 10 V^^de E 

187 187 Bmcalre ICIe) 509 5B2 Pre*l«K-2«2B 

582 583 BIC 645 635 — — 

?■« BNP 25050 25450 

539 528 

Mg I S Danatw 713 725 Akoi Elec 

484 603 carrefour Asahl Che 

Jo, 21 <20 2 1650 Asahl Gia 

Ho Cerus 10350 10250 Bank Ot T 

J-2S Charpeurs 1284 1285 Bridgesto 

135 234 Omenta Franc 361 299 Canon 

CM, Med 44180 44050 Casio 


Nmndy PaseUan 240 240 

OCT Resources US 1J5 r. L^..? L^ 

Sanlcn 3.79 386 ES52™T22S, . 

TNT , . 241 241 EJSSft, °EL A 

... ... Western Mining BJl BJ8 

SS til Weslpac Bonking <49 <52 

726 woodslde 484 <93 

wsw,* ABOrdtaartMtadw: 2*1380 


64S 635 

25050 25450 Tfllnm 

539 528 I OKJIO 

7Q J2S Tlkol Electr 

Asahl Chemical 
JK»2ta50 Asahl Glass 
’<^7® 'IR-50 Bonk of Tokyo 

44180 44050 Casio 


2« MB 36780 38050 Dal Nippon Print 

.H5 Euro Disney 650 7.10 Dalwu House 

Xta ’Im Dahva Securities 

r-J? fi? Havas 427 428.9S Fonac 

.3-13 I metal 533 550 Full Bank 


voamora Z.11 116 II metal 533 550 Full Rank 


fif sS Ly«V Eaux 46758 468 Hitachi 

ffi 12 ^ ’IS SSSS ,CnWe 

Bmmmimmrn 8^5!?^ “aiM 

TuansM'S JoponAIrtlnes 
gSflfi" 1^. Kallma 

^ 1 •JSlIS-ff Kansol Power 
Penwd-RIcard 29250 297a: Kawasaki Steel 

Er.iySL , . ^ 77i Kirin Brewery 

PI naul | Print 932 929 Komatsu 

rj Radiol edmfcHie 512 504 xmT 

a Rh-Paulenc A 12450 127 Kyocera 

mS 3m sSSit?*' Louls Matsu Elec I ndi 

jD 15 3000 Sanofr 24333 257^0 MfltniFbvww 

^ ^ | a p r l 504,01,1 HZ ^ Mitsubishi Bk 

t 5S 32 MHsub Chemical 

g S8 JSSi™* 239^24^ JSISSSSf 

TSS ,SO!>aF SuSdSdS"* 

M M ssfSflsssHEs 

™ Valeo 2862029950 Mllsukostil 

£AC88 index : 187380 Mitsumi 




Johannesburg 


Madrid 


2730 2740 
HA 6480 




Frankfurt 


AEG 1509015450 

Alcatel SEL 305 295 

Allianz Hold 2275 2304 

Altana 649 649 

Aska 900 790 

BASF 31150 318 

Baver 342JD350JO 

Bay. hypo bank 39750 NA 

Bay VeraMBk 438 444 

BBC 680 680 

BHF Bank 392 395 

BMW 774 776 

Commerzbank 31271750 
C o ntinental 213 220 

Daimler Bora 75450 765 

Deaussa 443 454 

2ZL»mro 
Deutsche Bonk 72973850 

Douglas 44548950 

Dresdner Bank 39840250 

FeWmuahle 302 380 

F Krupp Hoesch 19719150 

Horatner 318 325 

Henkel 583 590 

Hochtief 968 939 

Hoechst 31950 W 

Hotzmarm 855 637 

Horten 20750 207 

IWKA 342 342 

Kell Sab 1568015750 

Kargotfl 61850 623 

Keumol 505 508 

KHD 12S 125 

K toock ner Werhe 13250 136 

Linde 898 90S 

Lufthansa 193 188 

MAN 39640750 

Monnesmann 


AECI 
Altach 
An®4a Amer 
Bartows 
Btwoor 

Buffets 
De Beers 

rv ^-e A— l 

urnwimn 

Gencor 

GFSA 

Harmony 

Hlaiiveld Steel 

Kloof 

Nedbtedc Grp 


27 27 5 B V . 3250 3290 Rott. St. Louis 

171 iao Bco Central hisa. Xis 300a Sanod 

237 236 BcncoSantander XX son Saint Gobato 

32 32 BancslD 856 B60 S.E.H. 


32 32 Banesto 

1050 1125 C EPSA 
49 46 Draaodos 

96 9550 Endesa 
65 £350 Ereres 
15 1675 Iberdrola 

126 122 gmwol 

41 39 Tobqcalera 

3235 32 Telefonica 

S S KSUSfH 


3260 3250 Ste Gene role 
1865 1070 Suez 


Ruspial 
SA Brews 
si Helena 
Saul 

Western Deep 


4X25 43 

112 113 

94 9175 
NA NA 
34JS 3150 
210 210 




155 145 Total 

817 825 UAP. 

3955 4003 Valeo 
3250 3370 CAC-4B 
1660 1695 Pnrti 


; 5726.10 AJtewuo 

AssHalta 

Autastrade nriv 
Asrlwlturo 

m Bco Coroner Hal 
BcaNazLaeva 

411 416 Ben Roo Novara 

551 682 Banco (h Rama 

252 2.74 Boo Ambroslano 

149 253 Bee No noil rbp 


Maritet Closed 
The stock markets 


London 


Abbey Non 
AIDed Lyons 


ArioWtaoins 
Argyll Group 


Mitsumi 

NEC 

NGK Insulators 
NDtko Securities 
Nippon Kaeaku 
Nippon on 
Nippon Steal 
Nippon Yusen 
Nissan 
Nomura Sec 


Hem lo Gold 
Horsham 
Imperial Oil 
Inco 

IPL Energy 
La id law A 
LoMlOw B 

Loewen Group 
London insur Gp 
M acmill Bkndel 
Manna Inti A 
Mople Leaf Fds 
Moare 

Newbridge Netw 
Noranda Inc 
Naranda Fores! 

Nor cert Energy 
Nfhern Telecom 
Nava 
Onex 

Petra Canada 
Placer Dame 
Potash Cora Sort 
Pravlga 
PWA 

Quebrcnr Print 
Renai s sance Eny 
Rio Algom 
Seagram Co 
Stone Consoid 
Tal liman Eny 
Teieotobe 
Telus 
Thanson 
TorDom Bank 
Transalta 
TransCdaPIpe 
UM Dominion 
UhfWatbvrTM 
Wbstcoast Env 
Weston 

XemCigiDdaB 
TSE 3M Index : 4229 
Prcviaas : <26<SI 


3J7 129 S»95 356 357V; 355ft 157ft ,083 78 

389ft ltOftDec95 165 166 389 385 ,083ft 4 

Est. soles NA Tue's. scries 5^3* 

Tub's open ini 38.143 ott 13» 

CORN (CSOT) IBthimwmvm- 3o*ori ocr BuVni 
177 2.13ftDecW 2.15ft 117 2.15ft 2.15ft 114JT5 

282ft 2J3ftMcr95 126ft 128 126ft 126ft 0.901 

285 130WMIV 95 134ft 136 234ft 234ft 2L5B6 

1H57. 135ftJi495 140% 3.41ft 140 260V. 33869 

170ft 239 Sep 95 265ft 265ft 265 265 M2I 

283 215ft DK 9S 269V, 2D ft 269ft 149ft-A00ft 16J51 

259 250ftMjr*6 256 256ft 255ft 255ft-0J0ft 369 

286ft 255 ft AM 96 162ft 263ft 282ft 282ft -080 ft SD 

EsLSOMS 29800 Tire's. 3Qles 22873 
Tue'S open int 254.738 up 1616 
SOYBEANS ICHOT) UnObumlnUTunvocMriparbiaM 
757ft 5J6ftNovM 561V. 56Bft 561ft 565ft , 033ft 15,123 

1M 517ftJcm9S 554ft 580ft 553ft S57ft *(L03ft 57110 

735 567ft Mar 9S 584ft 170 584 587ft ,033 25101 

735ft 554 May 95 513 5.7B 5.73 176ft ,033ft 12253 

736ft 5A3V.AU 95 5.79ft 584ft 57V SJBV, *H07ft X.KO 

6.12 5 66ft Ana 95 S3Jft S37ft S87ft 586ft -032ft 1861 

<15 571 Sep 95 537 539 587 539 - 035 632 

iMft 5.78ft Nov 95 5.93ft 198 £93 197 -B.a3ft 73ZI 

437ft 199ftJon96 403ft 633ft 633ft 403ft HI33 146 

<31 199ft Jul 98 <19ft 419ft <15 <15 -030ft 27 

Est. sales 52,0* Tue'S. sales 50371 
TwriOPeniM 141,207 off 7132 
SOYBEAN MEAL (CSOT) IMwn-Monwu 
20930 15910 Dec 94 160.10 16010 159.40 19980 —OJB *630 

207 JO 161.10 Jan 75 16180 16210 161.10 161J0 —030 18.133 
207 JO 1 6480 Mor 95 16150 165JD 16680 165 JO — 0J0 15378 

20730 16780 MOV 95 168* 169 JO 16880 16980 ,080 B83S 

20400 170703*95 17330 17380 17280 17330 ,030 <930 

18280 17230 AuatS 17430 17120 17630 17110 ,080 1.255 

18270 17330 Sea 95 17630 17680 17420 176A0 4030 IJ23 

181 JO 17S40OCI 95 178.10 17880 178.* 178J0 ,0JD 25* 

18600 17630 Dec 95 18030 18130 18030 18130 ,030 7376 

Jan 96 182J0 *130 I 

Ed. soles 153* Tue'S. sales 12327 
Tue^apenM 97,940 off 404 
SOYBEAN OIL (COOT) 408B0fc»-ao«urspw UWftv 
2837 2230 DEC 94 2173 2684 2573 2134 *080 33393 

28J5 2285 Jan 95 2615 2530 KBS 2582 *058 17,772 

200 2291 Mar 95 J4J7 2689 24J7 2436 +030 114*4 

2835 2235 May 95 2425 24J7 2625 2652 *0J« 12017 

27JS 2276 Ju! 95 7610 2635 2610 363 *0J] 7374 

2730 2273AU895 2432 2625 2432 2619 *0J7 2347 

2675 22.75 Sea 95 2*30 2615. 2603 2685 ,033 18* 

3625 22750CI9S 2600 7612 2400 36® +020 1845 

2637 2230 Dec 95 23.95 2430 ZL95 23.97 *0.15 1393 

2123 23J5Jan96 23.95 *0-18 I 


JllW 

Ed. pries 9,561 Tue'S. stes 11802 
TudianaiM 75J57 up 1777 
ORANGE JUKE (NCTN) HMl&-cnh«r 
11430 8530NIW94 10585 10730 10125 

13230 8930 Jen 95 11085 111 JO 109.90 

12625 9330 Mor 95 11175 11150 11370 

12030 9730 May 95 1I7JS 11775 11730 

12230 100J0JUI95 12030 12030 12030 

12100 10775 Sep 95 12600 12430 12600 

17650 10930 NOv 95 

12730 10530 Jai 96 

Mar 96 

ESI. scries 1700 Tin's, scrim 1815 
Tin's open M 21190 ofl 373 


*17 25.127 
*4 27.984 
*4 7,971 
,3 1029 
-5 1J87 
♦ 5 <908 
-3 3,9* 
— 3 852 
-0 11 


EKTHSHPOUND (CMER1 \ err pound- ImM equc4iW3B0i 
18392 185* Dec 94 18330 18436 18148 18206 —100 44,973 

J8440 1.4640 Mar 95 18360 I84J4 18140 18194 -1M 613 

16320 133AJun95 181* 183* 18110 18164 —94 13 

Est. sale, 26.576 Tue'S sacs 11739 
Tue'S open W 45399 off 727 

CANADIAN DOLLAR (CMER) VperiW- 1 polftl muqt^WOQOI 


>180 935 

• 175 16363 

♦ 180 5745 

,185 1.577 
-185 906 

,180 

f 1.15 
,1.15 
,1.15 


Metals 


2373 2175 Jan 96 

Est- sole* 303* Tue'S dries 20330 

Tue'S DP«n ini 91786 off 306 


Livestock 


Zurich 

Adla Hill B Z1B 21 B 


AltnvtaH Bn*w 612 624 
BBC Brwn Bov B 1060 1060 


in Sao Panlo and 
Singapore were EgST 
closed Wednesday jonyoEiec 

for a holiday. SMmozu 


Asa Bril Foods 537 538 Benetton 


BAA J.14 5.15 

BAe 488 432 

Bank Scotland 236 236 

Barclays 533 535 


MetollBCMlI 153 1» 

Muendi Rueck 2745 7765 


Poradw 

Prmnsoa 

PWA 

HWE 


630 636 
432 440 
22&S0 231 
454461^0 


BAT 

BET 

Blue Cfrele 
BOC Group 
Boots 
Bawator 
BP 

Bril Airways 
Brit Gas 
Brit Stool 
Brit Telecom 
BTR 

Ca He Wire 
CoitaurvSdi 
Caradon 
Coata Vlvella 
Comm Union 
Courtauiaa 
ECC Group 


M4 5.15 CradHp Ifaltono 
488 <52 EidriimAua 

204 236 Fermi 

533 535 PlCfSpa 

588 581 Flnara Agnrtnd 

4J3 06 Finmeccanica 

1.13 1.11 Fandloria&aa 

212 282 Generali Asslc 

637 <7J ifil 

sjo £32 iialcememi 

480 <48 itaioae 

673 < 26 Mediobanca 

3M 182 Moffledtaon 

232 239 Olivetti 

155 158 Pirelli »a 

3.94 198 gAS 

131 337 Rlnascente 

605 411 San Paolo Torino 

06 <40 SIP 

287 287 SME 

2 1.96 5nlo ba d 

SJH 583 Standd 
<s <50 Slot 
158 355 Toro Asslc 


Stockholm 


Slrimazu 

SMnefsuCMm 

Sony 

SumUomo Bk 
SumHomo Chem 
Suml Marine 
Sum limno Metal 
TatoeiCorp 
TokedaChem 


AOA 7150 7530 5wnl Marine 

Asm af 513 519 Sumitomo Metal 

Astra AF 19330 19S TotaelCoro 

Alto Copco 98 n T***" 01 *" 

Electrolux B 368 372 TOg. 

Enason 432 434 Tftilm 

Esselto-A w « Tokyo Marl* 

Handebbank bf 98 92 Tokyo ISJeePw 

Investor BF 17750 179 TonmPrWhtg 

Norsk Hydra 257SSS30 Torav ImL 

Phnrmaclo AF 135™ Toshiba 


BBC Brwn Bov B 1060 1000 
CttraGettnrB 727 731 
CS Holdings B 564 557 

ElektrowB 338 338 

Fischer Q 14 ® 1460 

Intardbeaunf B 1933 1930 
Jobnoll B 831 820 

Landis Gyr R 670 690 
MoevenetokB 3*5 390 
Nestle R 1176 1183 

Oerllk. Buehrte R 13650 133 

Peraeaa HUB M 30 1430 


670 690 
3*5 390 
1176 1183 


Roche Hdg PC 
Safre Republic 99 100 

Sandaz B 660 657 

SdilndlerB 7200 4790 

Sulzer PC mt 860 

Surveillance B 1845 1M0 

Swiss Bnk Caro B 353 JS9 

5wfu Retosur ft 761 760 

Swissair R 877 846 

UBSB 1125 1134 

Winterthur B 650 647 

Zurich Ass B 1163 1U0 


5665 5595 
99 100 

660 657 
7200 4790 
840 840 
1845 1840 


877 846 
112 S 1134 
65 D 647 
1143 1 U 0 


CATTLE (CMBtl «4 Ubl-ominis 
7430 6770 Dec 94 6975 7085 6985 7055 

7475 6685 Feb 95 68.97 6987 6887 6980 

75, m 6777 Apr 95 6955 69.95 6987 6980 

H»3> 4470 Jun 95 6540 6680 65JS 6582 

MU 6180 Aug 95 6U0 AS.* 6480 6480. 

4755 6O10aU 6£6S 65.90 4685 4155 

668 5 MJ0DAC9S 6630 

Estwriee 1X957 Tub's, scries 117BV 
Tue’sapenlrt 70JH2 up 571 
FEEDER CATTLE (CMER) sABanL-cmtspern. 

HUH 71 73 NOT 91 7£Q5 7582 7580 7585 

0095 71 80 Jan *5 7470 75.15 7480 7470 

3025 70.35 Ma- 95 7297 7117 7275 7385 

7<90 7010 APT 95 7280 7280 71.90 71 JB 

TOO 6950 May 95 31JJS TUB 7!^ 7170 

7385 6980 Aug 9J 7170 77 JO 7180 71 JS 

69 80 SOT to 71.10 

Estsries (JOB Tue‘< soles 3,144 
Tue'S open Vo 7,527 up 112 
HOGS (CMER) noMOta- earn perb 
JO JZJODeCN 3480 3150 3377 34J7 

5080 35.45 Feb 95 3480 £80 36J3 MM 

4100 3<10ABr9S 3690 37.70 3680 37J5 

4780 41J7JW195 42.10 4270 4280 4240 

4580 41 80 Jut 95 42.15 4285 4287 4265 

4340 41. 1 5 Aug 95 4175 41.90 4180 4175 

4050 3130 Od 95 3080 30.90 3080 3180 

4125 XMQkK 3980 4080 3980 3982 

42J0 42. 00 Feb M 41.10 

E5L10IK 4806 Tue’S, idCS 1252 
Tue'S epen ini SC33t up 550 
pnwKBELl R*5 (CMER) 

mm 378BF»95 4)80 4120 4175 41.97 

BUO 37 JO Mor *S 41.77 <112 <1JS 42J7 

riTi 3195 MOV 95 4U0 4425 4275 43.10 

5480 3985 All 95 4380 4£I0 4JJ5 43.90 

4480 JL75Aug95 4260 4150 4280 43JQ 

Est. soles £634 Tue*< softs XSBI 
Tie's open M 9.W2 off 361 


,0.95 10896 
,085 20JS2 
,0J0 13.164 
,0JS 4817 
»IU3 1.505 
,085 2* 

5 


+050 7.7SS 
,018 £554 
4105 1.081 
-All 501 
,011 379 

+0J5 124 

10 


HI GRADE corns OKaUO .xunttv-ean 
W JO 77.75 Nw 9* 17470 127J0 124JD 

1M3S 73.75 Dec 94 ^90 IK* 1^40 

114.05 7<90Jm93 12140 17SJD 12380 

17480 7100 FeD 95 12280 12280 12280 

12370 7380 Mor 95 12280 12475 121.10 

IsttOO 7<BSw5v95 11980 12180 119-00 

1I&5D 'nflilB 11770 11180 11770 
I17J0 11180 Auo 95 
11680 79.10SCP95 

Oct 95 

11575 *J0Dee9S 11380 11480 11380 

10080 0L5OJai96 

11180 4270 Mor M 11230 I12J0 11230 

109 JO 107 80 May 96 
JW96 
Septa 

ESL scries 178* Tue'S. saw 14.148 

Tub's open Inf 61J8B w 709 

SILVER INCMX) S8M*nva«,t»ri»BW»m'o 

597.0 3808DKW B8J 5M8 D68 

57<5 4018 Jan 95 531 J 5155 OI J 

6048 <14.5 Mor 95 5JAJ 5C8 5MJ 

406J 4188 MOV 95 5425 M5 505 

6108 4308 Jill 9S 3«5 »8 5*J8 

am s 532JSep9S 5578 HA8 5578 

OT8 ^8te9S 544J S7IL5 5458 

6120 5758 Junta 

6220 5548MVW . 

5998 4*7.0 MOV 96 5B25 5025 S805 

6008 6008 Jul 96 

Sep 96 

Est. softs 208* Tub’s, slriw 2B.1 71 
Tub's open Int 1 13.98? up *91 _ 

platinum (rmsi) 

43SJD 37480 Jan 95 40* ^2 

43980 3*80 AV 93 «MJJ *OUg 

439.* 41950 Ari 95 42980 <0980 429.* 

441 JO 422WOCI95 

43950 433.09 Jm 96 _ 

Est. sales 1293 Toe's, saw <3M. 

Tue'S open W 24,798 off 27 

COLD (NCAUQ i-o-oi. 

38780 38780 Nov « 

42650 30* Dec 94 334,79 38579 384JO 

jai 95 

41180 36350 Feb 95 SB.19 

41780 36450 Apr 95 3915# 39140 19150 

42HJ0 36150 Junta me 395.90 

41450 3*5DAugM 4DU0 48080 *080 

<19.31 *1800(595 

<7S.(W *050 Dec 95 40870 400.70 

42<50 41 231 F«t) « 

43050 41U0Apr« 

431 JO <12* Junta 

Est. sales 

TWs open H H3HO oh 


+070 1J9I 
,(L70 <0490 
*070 812 

*070 573 

,050 9,275 
♦ 050 707 

*080 2576 
,OJO 463 
,0.40 1,799 
*080 282 
*075 1,220 
—080 

*0.10 MSS 

,005 

,QJ£ 


a7670 07038 Dec 94 07361 07390 07361 07374 *4 3L453 

07605 OTOtaMvH 07377 07385 07370 07375 * 3 1724 

07522 06990 Jiril 95 07366 *1 894 

0743a 04965 Sep 95 07352 714 

0.74* 0.7040 Dec 95 07337 72 

> 7335 07335 Mv 96 07321 1 

Est. softs 3.531 Tue’S. «ries 9J*9 
Tue’s open W 38858 up 1*14 

GERMAN MARK (CMER) ipcrim*- 1 uw nuA (08001 

06731 05590 Dec U 05491 05708 05565 06598 -M 86845 

06745 0.58 10 Mor 75 05718 05718 055* 05610 -M 5845 

0 6747 0J9B0 Jun 95 06627 -84 1757 

057* 85337 Sep 95 05645 -83 116 

Est. sales 61.929 Tue'S. siries J9J37 
Tue’s open Int 93563 aft 1051 

JAPANESE YEN (CMER) Iwm- 1 genKquA 10400001 
001D«9a0009S2SDac 94 081038*810442001024500111284 —101 C1.«91 
0810S6000096ID6A(irta001047DOt010S7900ia330Q810369 —101 7,408 
08W6700009776Jun 95 0010400001061508104550010473 -101 723 

0010773. 01 OTQDSop 93 00100500107150.0105550510574 — Sftl 185 
081 07603810441 Dec 95 0010676 —101 65 

0010030Q810830Mor 960810925001093*.010770IU)ia77H —101 5 

ESL sales 43709 Tue'LSdes 22874 
Tue’scwninl 70377 up 588 

SWISS FRANC (CMER) law Irene- lecrimoouaK HUOOI 

081* 06885 Oecta 08038 08063 07845 07921 -107 41866 

08136 07287 Mar 75 08074 OfitWS 079* 0.7954 —107 2874 

08165 071 93 Junta 081* 08120 0JV7O 0J994 -107 179 

08150 0.8138 Septa 06070 08155 08071 0*35 -107 6 

Esi. softs 31855 Tue'S. Mies 20969 
Tue'S awn fen 43825 up 1409 


Industrials 


-41 

-40 7X2U 
,<0 86 
*48 20,144 
*48 4893 
,<0 <124 
*19 2.925 
,38 3006 
-38 

*18 1.531 

.•1* 

,19 

*46 


COTTON 2 INCTN) MJ*0Ba.-omcon to 
7785 59.48 Dec 94 7280 7277 ri.95 

78.15 62J8MW9S 7141 7<05 73J0 

7055 6480 May 95 7480 7580 7<4! 

78.75 080 Jul 95 7 STD 75J5 7580 

7470 MM Oct 95 70 50 7DJ0 70 JO 

rzao *<25 Dec «5 070 rtJs nan 

7055 6880 Mar 96 

Esi. softs 5,0* Tuc's. softs 11874 
Tue’sapennt 55,119 up 11* 

HEATING OIL (NMER) *3801 aa- cents ot, a 
5980 4680 Dec 94 5080 51 JO 5070 

6275 4375 Jan 95 51.15 51.75 50.75 

5875 47.95 Frih VS 5180 5U0 5175 

57 JO 47 80 Mar 95 51 J5 5180 SUM 

55.15 41 05 Apr 93 SOJO 50 .B0 5075 

54J0 4780 May 95 47.95 saw «.70 

5150 « 79 Junta 47.90 49.70 49JS 

S4J0 4785 Jul 95 49 <5 49.90 4985 

5580 42711 Aug ta 5070 50.8) 5070 

53.10 *85 Sep 95 51.10 51 J0 51.10 

5195 5085 CW 95 53® 5280 SJ8Q 

5480 S2.*Nav95 52.95 S3.15 52.95 

Ed. softs 29.803 Tue'S. sales 29,290 
Tw’ipnH 153811 UP 995 


-0.17 J48S5 
-a* KD3 
-AW 6.939 
— 0-15 <268 
—0.43 576 

-888 2838 
-042 


♦ 083 47745 
•OJI 33836 
*081 218W 

♦ OJfc 118*3 
*076 7815 
,071 <5*1 
, 0 . 1 * <588 
•084 6779 
,0.11 1883 
♦Oil 1.994 
+07) 1J74 
*0.11 1.152 


43130 

* 160 10004 

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<1« 


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183? 

10.95 

104* 




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1038 

1065 

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I £28 Feb 95 

18-73 

10.42 

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425 EB 

* 130 

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20.6* 

1542 Mar *5 

18.11 

1027 

17.99 





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1535 Apr 95 

1865 

1015 

17.91 





19 J4 

1569 May «5 

17.97 

17.99 

1768 







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14 

19J37 

1665 Jul 95 






-020 BLS16 

1967 

l<16Aug95 

1762 





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17.90 




389.10 

—020 21,246 

19.17 

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1732 

17.93 

17.97 







17.98 

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1*30 Dec 95 

1161 




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1765 Jan 96 

17.90 

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1768 Feb 96 





40090 



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41110 

*01# 


1017 

17JI1 Aorta 





41740 

+028 


20* 

I7JB Junta 

18.10 

1025 

18.10 





1<47 

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116,274 Tin's, sales 1». 114 



'075 90838 
-0.20 71833 
*0.15 35.1* 
+0.13 23.567 
*0.11 IB.92B 

• MO 11859 

• 0.09 758* 

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-0.09 4 J23 
*0.09 11.733 
♦0.09 <599 
♦009 £361 
*089 12724 
♦Oil 7860 
*0.11 170 
-ai2 sjno 
+0.12 210 
*012 

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Tue'scssenim 386474 on 8054 
UNLEADED GASOLtNE tNMER) 42.9oe«ri. 


Financial 

US T. MELS (CMER) l *«g- 


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WLIO ^94750*94 9<» «Al «L57 9448 -082 17,763 

9585 sin mot w Hg kj mjn mm -on 10444 

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114-21 99-28 Deeta 79-30 IRMM 99-17 99-24 — * 270849 
111-67 99-M rtrta 99-09 9J-I7 ta>77 99*01 — 09 11815 


60.70 MJaDecM 6185 6080 5375 

sort £9,50 Jon 95 5780 5885 5<5S 

5US SI.IOFribK 6670 56 .3D 5585 

56.9S 5200 Mor 93 5675 5645 5175 

6030 54.55 AW W 5980 59 JO 5*85 

5050 56.00 Muy 95 

5870 55.90 Jun 95 5780 5780 5780 

57.94 55-30 Jul 95 57.10 57.10 9.10 

5<3S 5480 Sea 95 

S5J5 52J0QCT95 

5580 53*0 NOV 95 

5*75 1240 Dec 95 

57 J9 S486 Aug 96 

ESI. softs 31410 Tub's, sows 20,569 

Tub’s Cuftrt tor 67.93! off 628 


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5789 ,<L21 16878 

5<29 ,089 8.715 

56.49 * 039 3.900 

5984 +084 4.704 

SL54 .(LW 
58.03 -054 

5731 —0-54 

5631 *034 

55J4 *034 215 

5474 .0 49 

5430 *085 

5696 +054 


Stock Indexes 


♦ OJH 7,960 
*080 1.235 
*035 314 

*0J5 319 

*0.90 7* 


iaslto nun Junta <*■» 91-23 98 - it 98-14 — * 
101-06 98-05 I* ta IMf 9849 97-30 97-31 — 09 


Eflia^*l5iyw Tfte^seie* iot.ito 

E 3 *--*** 6« 2615 


IW-M 9 W 9 WC’tSiS 97-02 - 07 3*805 

« M 2Hj- S 


PS mm 


Enterprise oil 107 IBS | MIB Tetomrtto: 9 ta 6 
Eurotunnel 128 227 1 Previous ! Tlltt 


For investment information 

Read the MONEY REPORT 
every Saturday in the IHT 


catn£C IMS w.«»i». awirtiTfc 
34125 niooec** 1 8135 1 65. IQ 17530 
2UW 76tOMirta 1B980 190.10 181 « 
M4A) 8230 Mav 95 19180 192.10 IB730 
ȣ1D 85* Jul 95 19360 19160 1*50 

23880 18530 Sep 95 194J0 195.10 19435 

24L* 81 80 Dec 95 19630 19630 17130 

307-00 19780 Mar 76 I7U0 194* I92JB 


Est. saw 14.910 Tub's, coles 4061 
Toe’s op en W 32.932 off 195 
SUGAR-WORLD II (NCSE) lllA0Dftm.. EM * tB 
12.99 9.I7660T 95 12.98 IU7 12.98 

ILM HL57*6gy95 1L» IU6 12.98 

1283 1037 Jul ta 13.87 1120 1237 

1144 10.57 Od 95 12-40 12A5 17 40 


-905 ll^Ufl 
— OJi 13.759 
-600 5 JT 7 
- 6 * 1301 
-«M 913 

-600 OM 

-6* 12* 


i'!ts ^3 5Sf«»5 ££ SS= £ W 
133 SI Eg S 

11446 94-20 Mori* M-IO - « » 

rue-AKries 4041J8 “ ® 

«JWSS S3n’‘- X ”*■ - a '- 


SAP COMP. INDCX (CMER) SDB.bW. 

487.10 «9.70DerV4 459 35 472.45 aui 466 85 — Umtiu.™ 

SM! SS S3 S3 S3 =IH 

S:V.“;S“"t 2..’S2 ffi£ ™ “» -a ** 

Tue’S BOM tot 722340 off 4211 
NYSEGOMP.MDEX (NVFE) 

%% S3 « K ^8 il l *s 

Ms 3S3 "• ** -}'i l 

ESI. sacs NA TIM’S. Wn JJ25 ■“ W 

Tuc's open irri 4.1* off 45 


ftlSSnW P-to ** M 

gi|wiirmi 1 US (CNCIOsi nririhm uiisi IOOmA 
9X?w) 94Ain tiiu n 


*031 96085 
*0.77 29,966 
• M3 15,91 B 
*0 19 K5B4 


n.W 0 — 20 * 17.770 

Sjjo 9 A 2 riOMPrta n^O nso 9 X 660 9 X 4 S 0 - 40406^42 

HJ30 MSiSlf SS 2’ , ?S “40298JI77 

uM)" 71 310 Sen ta 9X680 97380 92A* 92+28 —502*4.909 

g<]B0 91-l80Cftcta 933*0 92350 92380 92J90 —50 181,64* 

94220 MTSOMlVta 973*0 93-250 riXIRJ K.190 —301567)2 


Commodity Indexes 

Woodv's iiS 

Reuters tmSK 

DJ.FWurra iSSJ 

Com. Research 2344} 


Previous 

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1 515 1 
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INTERNATIONAL HERALD TRIBUNE. THURSDAY. NOVEMBER 3, 1994 


Page 1% 

EUROPE: 


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CvepHtd lf Oar Staff From Dispatches 

-PARK — French unemploy- 
ment rose to: a record 335 mil- 
lion, or 12.7 percent of the work 
force, in September as econom- 
ic recovery brought thousands 
of job-seekeis into the labor 
market, official figures released 
Wednesday showed. 

Bat economists said the poor 
Bgn res disg uised an improving 
underlying trend and that un- 
employment would be on a 
downward path ahead of the 
presidential election next 
spring. 

“It is a bit disappointing for 

the government. But the labor 
market situation does look as if 
it is getting better," Esther Bar- 
oudy, an economist at Credit 
Lyonnais, said. 

The Labor Minis try said the 
number of unemployed rose 

13.900 in September, taking the 
seasonally adjusted total to 

3.351.900 and beating the re- 
cord set in May or 3,346,600. 

The jobless rale of 12.7 per- 
cent is based on stricter Inter- 
national Labor Organization. 
Criteria, which exclude job- 
seekers who did any work at all 


Tobacco Sales 
biJJ.S. Power 
BAT’S Profit 

Reuters 

LONDON — The Brit- 
ish tobacco and insurance 
company BAT Industries 
PLC said Wednesday that 
profit for the third quarto' 
rose. 22 percent, to £551 
million ($900 million), 
boosted by a recovery in 
the U.S. tobacco market 

“Once again the star per- 
former was the U.S. domes- 
tic market where our vol- 
ume, market share and 
profits ail grew very strong- 
ly,” said Sir Patrick Sheehy. 
die company’s chairman. 

The group also said it 
was convinced that its 
stalled bid of $1 billion for 
American Brands Inc.’s 
American Tobacco opera- 
tions would not be anti- 
competitive as was claimed 
rbv the U.S. Federal Tirade 


ob-Seekers 

Unemployment 


during the month. It compares 
with 12.6 percent in August and 
12.7 percent in May. 

The conservative government 
of Prune Minister Edouard Bal- 
ladur, under pressure to do 
something about joblessness 
before the presidential election. 


Output Stabilises 
In West Germany 

Compiled by Our Staff From Dispatches 

BONN — West German in- 
dustrial output stabilized in 
September after falling sharply 
in August, the Economics Min- 
istry said Wednesday. 

The ministry said output fell 
a preliminary 0.2 percent in 
September from August but 
added that it expected the final 


tried to pul a positive spin on 
the results. 

Labor Minister Michel Gi- 
raud said the September rise 
was due to an eight-year high in 
the number of first-time job- 
seekers. This offset jobs created 
by economic recovery. 

Despite efforts to adjust for 
seasonal effects, France tradi- 
tionally shows a rise in unem- 
ployment in September and Oc- 
tober as young people who have 
left school join the labor force. 

The ministry also said the rise 
in unemployment principally af- 
fected women, suggesting that 
women who had been discour- 
aged from seeking work by the 
poor economic environment 
were returning to the work force. 

Economists have long 
warned that the return to the 
labor market of such “discour- 
aged workers” would diminish 


September data to show that the impact of renewed growth 
output actually rose by around on unemployment figures. 


13 percent in September. Mr. Giraud said Lhe govern- 

Economists said they were mem was sticking to its forecast 
sot worried by the slight fall in that unemployment would s la- 
the September data as long as bUize at the end of the 1994 and 
the upward revision was carried fall in 1 995. 


(Reuters, Bloomberg) 


(Reuters, Bloomberg, AP) 


Sweden’s New Budget 
Calls lor Higher Taxes 


Comptlcd by Ch& Staff Fran Dispatches 

STOCKHOLM — Sweden's 
new government presented a 
budget Wednesday calling for 
higher taxes and spending cuts 
that would cut 57.1 billion kro- 
nor ($8 billion) from the budget 
deficit over the next four years. 

The plan presented by Fi- 
nance Minister Goeran Perssoo 
calls for 31.6 billion kronor in 
tax increases and 253 billion 
kronor in spending cuts. 

For the 1995 budget year, 
which runs from July 1, 1995, 
through Dec. 31, 1996, Mr. Pers- 
son called for 12.1 bflBon kronor 
in spending cuts and 17.7 billion 
kronor in additional taxes. 

Mr. Persson said the budget 
would be implemented in two 
stages, with the higher taxes 
starting Jan. 1 and spending 
cuts starting July 1. 

.Financial markets showed 
little reaction to the plan, with 
the benchmark Affaersvaerlden 


index in Stockholm slipping 0.5 
percent, to 1.868.40 points. 

Peter Granqvist, an econo- 
mist with Swedbank, said the 
proposal was slightly better 
than expected but that interest 
rates had not come down, be- 
cause “there are stQl a lot of 
question marks." 

The yield on the benchmark 
10-year Swedish government 
bond rose to 1 1.20 percent from 
1 1.05 percent Tuesday. 

(AFP, AFX, Bloomberg) 

m SE Banked Profit Rises 

Shmdinaviska Knslril d* Ban- 
ken said lower charges for bad 
debts allowed it to post operat- 
ing profit of 2.88 billion kronor 
for the first nine months of the 
year, up from 71 million kronor 
in the 1993 nine-month period, 
Bloomberg Business News re- 
ported. . 


Marks & Spencer 
Focuses on Spain 
In Expansion Bid 


Bloomberg Businas M-ws 

LONDON — Spanish 
women still fly to London to 
do their Christmas shop- 
ping, but Marks & Spencer 
underwear no longer figures 
prominently in their shop- 
ping list: They can find it in 
Spain. 

Marks & Spencer PLC, the 
British retailer known for 
supplying former Prime Min- 
ister Margaret Thatcher with 
underwear, is expanding its 
Spanish operations in Ma- 
drid and in Valencia. 

Marks & Spencer’s main 
Madrid store is on the Calle 
Serrano, the Spanish equiva- 
lent of New York's Fifth Av- 
enue. Its entire fourth floor 
is dedicated to underwear, 
which represents 24 percent 
of Marks & Spencer’s total 
clothing sales. 

Four and a half years ago, 
Marks & Spencer did not 
even have a store in Spain. 
Now it has four stores and is 
opening the fifth in Valencia 
this month. 

“Spain is expanding faster 
than other countries starting 
from a lower base,” said 
Robert Hayman. head of 
corporate affairs for Marks 
& Spencer Europe. 

Marks & Spencer is one of 
the largest retailers in Brit- 
ain, selling maml y clothes 
and food. It has 612 stores 
worldwide, some under dif- 
ferent names, such as 
Brooks Brothers. The com- 
pany employs 62,080 people. 

Spain is a relatively bright 
spot in a far from rosy Euro- 
pean retailing scene. The 
company does not break 
down bow much each Euro- 
pean country contributes to 
sales or earnings, but as a 
ercentage of worldwide 


rope's contribution fell to 
3.7 percent in the financial 
year to March 31 from 3.9 
percent in the previous year. 

“Europe has been in re- 
cession. and Spain has cer- 
tainly been affected,” Mr. 
Hayman said. “The U.K. 
had a very good year, as it 
was pulling out of recession 
faster." 


Richard Greenbury. 
chairman of Marks & Spen- 
cer, said in July that the 
company would invest more 
than £1 billion ($1.6 billion) 
over three years in expan- 
sion in Britain and abroad. 

Mr. Hayman said the 
company was actively seek- 
ing expansion in Spam, with 
negotiations under way to 
buy sites in Bilbao and Zara- 
goza, among others. 

In Spain. Marks & Spen- 
cer competes with depart- 
ment stores such as El Corte 


'Spain is 
expanding faster 
than other 
conn tries.’ 


Robert Hayman, 
Marks & Spencer 
Europe 


lnglfes and Galenas Precia- 
dos, as well as with some of 
the smaller clothing shops 
on Calle Senano. 

El Corte Inglfis is the larg- 
est retailer in Spain, and 
many of its stores are much 
bigger than those of Marks 
& Spencer. 

But the five-floor Marks 
& Spencer store on Serrano 
competes by using a mixture 
of what it is known for in 
Britain — good value at rea- 
sonable pnees — and local 
touches. 

Almost 90 percent of sales 
come from clothing, all 
bearing the company's Sl 
M ichael labeL 

Maries & Spencer carries 
some clothes made by Corte- 


retailer and manufacturer, 
but these still carry the St. 
Michael labeL 
Cortefiel has a 20 percent 
stake in Marks & Spencer's 
Spanish operations. The 
partnership came about be- 
cause the British company 
believed it needed an inside 
trade on what seemed like an 
exotic market. 


Russia Vows 
Steps to 
Back Ruble 


Reuters 

MOSCOW — Russia's Secu- 
rity Council said Wednesday 
that the Oct. II “Black Tues- 
day” plunge in the ruble had 
threatened market reforms, and 
it vowed to take urgent mea- 
sures to stabilize the currency. 

A statement by President Bo- 
ris N. Yeltsin’s press service 
said the council had discussed a 
report by a commission investi- 
gating the crisis. 

It said the ruble’s drop of 
more than 20 percent against 
the dollar had been a threat to 
national security. The dollar 
rose dose to 4,000 rubles but 
has since fallen back to 3,093 
rubles. 

According to the statement, 
the currency’s collapse under- 
mined confidence in the fledg- 

of long-term capital investment 
and raised prices. 

“The Security Council has 
ordered the government to take 
quick and concrete steps to reg- 
ulate the ruble rate and ex- 
change operations,” it said, 
without giving details of specif- 
ic measures. 

“A blow has been dealL to the 
reform course, social stability, 
the living standards of a signifi- 
cant part of the population and 
the international s tanding of 
Russia,” 


Swiss Bank Corp. 
Sees Lower Net 

Ratters 

ZURICH — Swiss Bank 
Corp., the last of the country’s 
big three banks to report thud- 
quarter results, said Wednesday 
it expected its net profit this 
year to fall significantly from 
the record level of 1993. 

Analysts were disappointed 
and said an expected recovery 
in the banking sector in the sec- 
ond half of the year had not 
materialized. They forecast a 
drop in profit of 15 percent to 
30 percent for the major Swiss 
banks. 

Swiss Bank said operating 
profit in the first nine months 
was below year-earlier levels, 
but it gave no figures. It said 
operating results in the fourth 
quarter would depend greatly 
on international developments. 



Sources: Reuters, AFP 


Very briefly: : 

■ Renault SA’s privatization will start Thursday at 165 French 
francs ($32) a share. Finance Minister Edmond Alphandfcry said, 
valuing lhe company at just under 40 billion francs. 

• Tfrnwi Commerriale Italians SpA bought a 1.3 percent slake in 
rnrnnwwhank AG, and Mediobanca SpA bought a 0.7 percent 
stake in the German bank, in transactions totaling 243 million.' 
Deutsche marks ($162 million). 

• Christiania Bank og Krefitkasse said its third-quarter net profit-, 
rose to 328 million kroner ($51 million) from 242 million kroner in- 
die 1993 quarter, helped by a cut in loan-loss provisions. 

• Banco Central Hispano posted a consolidated net profit of 32.3' 

billion pesetas ($259 million) for the First nine months of the year, 
down 25 percent from the year-earlier period. ; 

• PSA Peugeot GtroSn SA's third-quarter sales rose nearly 13 
percent, to37.85 billion French francs ($7 billion), led by higher 
sales in France. 

AFP, Bloomberg , 


Akzo Nobel Net Rises 35% 


Bloomberg Business Mews 

AMSTERDAM — Akzo No- 
bel NV posted a 35 percent gain 
in third-quarter profit Wednes- 
day. tracking a chemicals sector 
revived by economic recovery, 
and said second-half results 
would be in lin e with expecta- 
tions. 

Higher sales across all divi- 
sions drove profit excluding 
one-time items to 322 million 
guilders ($192 million) from 
239 milli on guilders in the third 
quarter of 1993. 


s 

it - i. 

o Q 
tl 

3 . 

y’ • i 


Sales rose 4.4 percent, to 5.42‘ 
billion guilders from 5.19 bil- 
lion guilders. 

Price rises for its products 
were offset by higher raw mate- 
rial costs, and a lower dollar' 
harmed U.S. sales results, ana- 
lysts said. , 

Akzo Nobel, the Nether-: 
lands’ largest chemical oompa-‘ 
ny, said it still expected second-^ 
half earnings to be higher than* 
last year’s 460 million guilders. 


NYSE 


Wednesday** Closing 

Trtites Indude lha nafiofiwW® prteea up to 
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GROWTH 
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Work and productivity are 
the factors driving growth. 
Bridas is creating opportunities 
hr expansion and development 
through the application of modern 
technology by its experienced 
multinational staff. 
Bridas , where safe operating 
practices and respect for 
the environment come first. 


Production for growth 

OIL - PETROCHEMICALS - GAS - OIL SERVICES 

Av. Leandro N. Alem 1180 (1001) Buenos Aires • Argentina - Tel.: (54 1) 311-01 1 1 • Fax: (54 1} 312-9954 


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China’s Output 
Raises Fear of 
Sfew Price Surge 

l '?!£,t°r Skg *r ***** J? “«*. Wms Mimsrer Li 

BEU1ISG - — China’s indus- ■ 3 larget of single-digit 

taal.o^tp^ jumped 26.4 per- J“*obon and economic growth 
cept m October over the year- for J 994. After the first three 
eariier~ month, indicating the quarters, however, the annual 
ecc&ytoy was again gathering rales were 27.4 percent for con- 
steam, the official China Securi- price inflation and 11.4 

ties newspaper reported P er c en ^ for gross domestic 
Wednesday. product growth. 

Erefimmary figures released . Chin * Securities said price 
by the State Information Cen- r l se& were easing in some major 
ter; snowed that production ? ties > including Beijing and 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEM BER 3, 1994 

India Going Electronic Oudtes^ 

Debut for Computerized Stock Market q phfli Bank 


Hong Kong 
Hang Seng 

hood 


10300— 


reached 368 billion yuan ($43 
-bOfion), "the' newspaper said. 
, r The figure for October co co- 


Shan ghai . 

Industrial output in Novem- 
ber is expected to be 382 billion 


pared with rises of 21.8 percent yuan ’ U P 23 percent from last 
m September and 17.6 percent W"* relaii sales will total 


in August 149 billion yuan, up 35 percent. 

If these figures are con- ^ P a Per said. (Bloomberg, APj 
firmed, they will reinforce am- ■ Citicorp Prods Beijing 
cents . tlmt Bering’s policies are With the global banking in- 
raflati< “ riu slr y in decline, Citilorp 
S™**- Chairman John Reed said tl m 
Ontout ofh^ht mdustnes m- American banking giani was 

l «“«5 ct ?^ er ' - wfafle riiat of business but Beijing was not co- 
i^^tmr^increased 23.4 operating, Bloomberg Business 
^t,t^ewspapersaid. News reported from Hong 
3una Securities said retail Kong. 

month wouid reach Foreign banks have not re- 
5 bjihon yuan, up 36.5 per- ceived the green light to con- 
t from the same period last duct yuan business m China, he 
r. Retail sales increased 10 said, primarily because Chinese 
cent m real terms, mdicating officials feel that local banks 
elan inflation rate of 26.5 are not yet ready to meet the 
C ®? L . . competition, 

nflation remains high in “We’re seeking, more rapidly 
stal cities and has spread to than the government of China 
d and inland areas, the pa- is willing to permit, to return 
said - fully to C hina, ” Mr. Reed said. 


percent, the newspaper said. 

China Securities said retail 
sales for the month would reach 
. 143-5 billion yuan, up 36 J per- 
. cent from the same period last 
year. Retail sales increased 10 
percent in real terms, indicating 
a retail inflation rate of 26.5 
percent. 

Inflation remains high in 
coastal cities and has spread to 
rural and inland areas, the pa- 
per said. 


Bloomberg Businas Sms 

NEW DELHI — According to its promot- 
ers, India's electronic National Slock Ex- 
change will have nearly everything going for it 
when it starts up Thursday: speed, transpar- 
ency and lower cost for investors. 

Officials of the Bombay-based exchange 
are counting on its image of computerized 
efficiency to lure investors from the Bombay 
Stock Exchange, which over the years has 
built a reputation for inefficiency and price 
manipulation. 

“We hope to give tremendous competition 
to the Bombay Slock Exchange,” said Ravi 
Narain, the national exchange's deputy man- 
aging director. 

The National Stock Exchange was created 
two years ago by the Securities and Exchange 
Board, India's market regulator, partly in 
despair over loose trading practices on the 
Bombay exchange. 

A group of financial institutions and banks 
put up 250 million rupees (S8 million) in 
initial capital, with working capital to come 
from membership and trading fees. 

Initially, 200 companies’ shares will be 
traded, representing about 80 percent of the 
Bombay exchange's market capitalization of 
about $120 billion. The new exchange plans 
to trade 500 stocks within six months. 

Brokers said it would be some time before 
the new exchange seriously challenged Bom- 
bay's position as the premier Indian stock 
exchange. But they said the NSE had several 
advantages over its rival. 

On the NSE, a central computer in Bombay 
will display prices on a screen so that inves- 
tors will know instantly the price at which 
they have bought or sol'd. 

- Investors’ principal complaint about the 
Bombay exchange is that buy and sell quotes 
are not displayed for all traders to see. This, 
investors say, gives market-makers an oppor- 
tunity to manipulate prices. 


“On the NSE, brokers will not have to 
prove their honesty, because the system is 
transparent,” said Srinivos Subramanian, 
bead of the brokerage firm HG Asia in India. 

Gul Tckchandam, a fund manag er with 
Infrastructure Leasing & Financial Services, 
said investors would also find it cheaper to 
trade on NSE than on the Bombay exchange 


'Brokers will not have to 
prove their honesty, because 
the system is transparent.’ 

Srinivas Subramanian, head of the 
J3G Asia brokerage firm in India 


because the electronic exchange will have no 
market-makers taking a cut of trading profits. 

The NSE also will be more accessible than 
the Bombay exchange, slaying open five 
hours a day, compared with two to 2 % hours 
for Bombay. 

Nevertheless, the new exchange may need 
to resolve a few start-up problems before it 
can fulfill its promise. 

First, Indian law requires the settlement of 
stock trades by the physical delivery of securi- 
ties. Until a new depository law passes the 
Indian Parliament — perhaps by the middle 
of next year — the ultramodern NSE, like its 
more old-fashioned competitors, will have to 
handle huge mounds of paper certificates. 

How huge? A typical two-week trading 
period on the Bombay exchange can generate 
150,000 trades and 60 million pieces of paper, 
according to Bhagirath Merchant, president 
of the exchange. The NSE with its electronic 
system and longer hours, could generate three 
tunes that amount 



Expansion 

Compiled bf Qv Staff From Dispatches 

BANGKOK — The newly 
appointed president of Bang- 
kok Bank Ltd. outlined 
Wednesday a modest policy of 
continued expansion for TTiai- 
land’s largest commercial bank, 
aiming for annual growth of 15 
percent 

Chartsiri Sophonpanich, 35, 
follows in the footsteps of his 
father, Chatri, 60, who is execu- 
tive board chairman of Thai- 
land's largest bank and was pres- 
ident for more than a decade. 

“This is a personal challenge 
for me,” Mr. Chartsiri said of 
his appointment “Bui this is 
not a major change in direction, 
because all the senior manage- 
ment will continue with their 
own responsibilities. We have a 
strong team.” 

Mr. Chartsiri indicated 
Bangkok Bank would seek 
more business outside Thai- 
land, adding that it was already 
negotiating for a branch license 
in Manila and considering es- 
tablishing operations in China. 

Vichit Suraphongchai, 45, 
the previous president, an- 
nounced in March that he was 
resigning “for health reasons.” 
His resignation took effect 
Sept 30. Last week he was ap- 
pointed minister of transport 
and communications. 

Bangkok B ank, founded 50 
years ago by Mr. Ghartsirfs 
grandfather Chin, had assets at 



Page 25 

ASIA/PAC1FIC 


Singapore ' Tokyo 

Straits Times : ■ ' N ikkfii 22S 


2300 -j- 





®®T t T!a"s t 6 M 5 
• ism ; • 

Exchange . . lode 


J J.A S ON 
199* 


Hong Kong Hang Seng *. 
Singapore^". Straits Tiroes T 
Sydney ^OnSnaneS ' 

Tokyo ^ Mkkflt-gSS • “ 
Kuate Lumpur Composite 
Bangkok SET - : 

Seoul..--- . Composae Steek, 
Taipe) Weighted Prtes 

Hanna PSE ... 

Jakarta Stock Index 

New Zealand NZSE-40 
Bombay National index 
Sources: Reuters. AFP 


Jakarta 
New Zealand' 


■. 1994. ,• .V 

Wednesday : 
-.CWs*. 

, 5,451,76 '■ ‘ ft573.40'y 
dosed 2,364.-?? . 

' ZJQ2& 

1*78065 19^m48 4J.83 
1 jBSafi8 ;.1XS3.68 .Uneft 
1,529,10 1,536.48 . .-0-48 

1,105.74. . 1,108.43 ,.-*024 . 
&a«t66 6£0tj2t +2^28 

: 3£»£5 3.06&52 " *&72- 

52449 524.85 -0.11 

2,10*73 2.10952 . -0.03 

Closed 2,021 , - 

iDCTuiuaful Herald Tribune 


Japan Orders 
Help Komatsu 

Bloomberg Business News 

TOKYO — Komatsu 
Ltd. said Wednesday that a 
budding economic recovery 
in Japan helped it offset 
falling overseas sales and 
post a 5 percent rise in 
profit in the six months to 
Sept. 30. 

Komatsu's current, or 
pretax; profit for the period 
rose to 737 billion yen ($76 
million), despite a 3 percent 
dump in sales,, to 235.45 
bHHanyen. 


Suharto Calls for Inflation Below 10% 


JAKARTA — _ President Suharto on 
Wednesday ordered government ministers 
to hdp curb inflation, saying it should be 
kept below W percent for the calendar year. 

Economists have warned that cement 
and rice prices, and a 7.8 percent increase 
in electricity rates, were pushing inflation 
into double d igi ts. Year-on-year figures 
released Wednesday showed the inflation 
rate rising to 931 percent from Septem- 
ber’s 8.89 permit 

“Inflation in October is stOl high, and 
there are only two months before the end 
of calendar 1994,” Mr. Suharto was quoted 
j>y Information Minister Hannoko as say- 
ing. “AH minis ters most pay attention and 


coordinate among themselves to keep in- 
flation below 10 perc en t in 1994.” 

Inflation is a sensitive issue with impli- 
cations for stability in Indonesia, where 
one-sixth of the 188 million people live 
below the official poverty line. 

Indonesia’s consumer price index rose 
0.89 percent in October, up from rises of 
033 percent in September and 039 per- 
cent m October (993, Mr. Hannoko said. 
He blamed increased prices of housing, 
food, textile and services for the rise. 

Inflation is based on the consumer price 
index, calculated from prices of around 
200 commodities in 27 dries. 

Finance Minister Marie Muhammad 
said that after the meeting with Mr. Su- 
harto. he was convinced that inflation in 
1994 would be below 10 percent. 


A AUT I I I V4r\ it first in Thailand and third in 

IClUfT XU /€/ Southeast Asia. 

The bank reported a net prof- 

last 

month by 9 peramt for households and percent from a year caiU- 
134 percent for industry. er. FoMhc rust nine months or 

. Vietnam Mfcaea Inflation Target 

Vietnam said it had failed in its effort to crease of 23 percent. 


ouvug Itnrn. _ . 

Mr. Chartsiri indicated Very briefly: 

Bangkok Bank would seek 

more business outside Thai- _ , „ , . . ... „ 

land, that it was already • j^sung Electronics Co. of Souih Korea p ans to build a $.- 

negotiatingfor a branch license electronics complex near Beijing over the next 20 years, 

in Manila and considering es- • Securities One Ltd., Thailand’s largest brokerage firm in terms 
tahlishing operations in China, of client transactions, said net profit for the quarter ended Sept. 30 
Vichit Suraphongchai, 45, more t * ian doubled to 295.4 million baht ($12 million), 
the previous president, an- • GVC Corjx, which makes modems, raised its 1994 profit forecast 
nounced in March that he was 35 percent, to 708.8 million Taiwan dollars ($26 million), 
rcagning Tor health reasorn^. a Nippon Telegraph & Telephone Coqx, Japan’s largest teJecom- 
2^. was an- nmnications company, has agreed to lower its requested rate 

M increase lo 16 percent from 19percenL 

and communications. a China said it would launch a massive program next year to draw 

Bangkok Rank founded 50 “P 311 inventory of state-owned assets and re-examine state-held 
years ago bv Mr. Chartsiri’s capital funds nationwide. 

grandfather Chin, had assetsat » NTT Date Communications Systems Corp., a unit of Nippon 
the end of last year ca 783 bu- Telegraph & Telephone Corp., said it had agreed to market 
hon baht ($31 billion}, r ankin g Microsoft Corp/s Tiger video-on-demand system in Japan. 


keep price rises lo single figures for 1994, Mr. Chartsiri’s growth goal 
reporting 1 1.3 percent inflation for the first of 15 percent is conservative in 
10 months, Reuters reported from Hanoi Thailand ’s fast-paced economy. 

A big increase in food costs, apparently But he said he anticipated 
due to higher rice prices caused by floods banking would soon become 


due to higher rice prices caused by floods 
in the Mekong Delta and market fluctua- 
tions, fueled the retail price increase, the 


But he said he anticipated 
banking would soon become 
more competitive in Thailand. 
Bangkok Bank would have to 


government's statistics department said in make “adjustments to meet cus- 
its weekly review. tomer demand” and build 

The National Assembly ag^in set single- branches outside the Thai capi- 
digit inflation as the target when it fixed tal, he said, 
economic goals for 1995 on Tuesday. (AFP, Bloomberg) 


INTERNET: Tumto Home Page VIETNAM: Cultural Differences 


Carittoard bom Page 11 ... “The servers themsdves are Continued from Page 11 lems may arise when the expa- 

building the Wcdd WideWcb bccomiag raxyto configure and banks working in a competitive 

into a global information re- set up, said Russ Jones, who environment the operation expands rapidly, 

source. develops Intranet applications Another is paying commit wiuch . 155 ’ what mosl 

“The-: emergence of Mosaic at. Digital Equipment Corp. a widespread practice in cx 2f? n 5 e r 1 . . T u . „ 

and-thc Woria Wide Web is the And a Web browser like Mo- Vietnam that is not considered , I End that Have to use all 

saic is. realty becoming the in- c^^hSTbuiisnoVSrated £ m^agenal sfcffls,” said 

formation access tool of bySst Western companies. Manreen Flanagan, who repre- 
chotce.” seats Unisys Corp. in Vietnam 

fou p d » th f T 6 ^ -° and has five Vietnamese and 
The number of individual add a couple of ch^itras to our expatriate employees. 

Web users, and devdopers, is *The mJt SLortan 7rs Z ^ 

expected to grow quiddy m the courage people a lot and use 

next year. The makers of the humor to resolve conflict. Jokes 

maior nersonal computer ooer- ? ew eyebrows back m Holland, W nrk. It means that mv staff 


“The servers themsdves are 


Continued from Page 11 


mostraratmg 
opmentin ad 


said Dale 


Dougherty, pubtidwr of the 
Global Network Navigator. 


Global Network Navigator. ^ ^ ^ 

Network statistics would Weh d 

seem to bear that out. While the 
fatoiirthas^milhoK of Mere ^ers 

c__, months ' ' in i<w!^ of swft^ Apple 
few months —mta^oftoe tosh and IBM OS/2 

number of new databases berag announced plans to inc 

revered and the flow of date tbeir basic software the 

traffic m and out of mem. f or forging a direct linl 

Internet and a browser p 
1 0,000 so-called Wd? f* 3 ™* — Mosaic or one erf its cl 
computers reachable via the in.- / or navigating the Web. 
trancL A year ago there were ^ 

fewer than 500.- ' Microsoft Corp^ Nov 

The World Wide Web was and other big software 1 
conceived in 1989 al the Euro- njes 816 planning to in 
pean Laboratory for Particle hypertext language in a 
Physics m Geneva. The creators rions of their popular 
set up the Web as a way to processing programs tt 
distribute and peruse docu- enable users to easily 
ment-based information among documents with hyperte 
high-energy physicists around for use on the Web. 

the world. 

The Web did not go into I 


saic is , really becoming the in- comqrt here but is not tolerated 
formation access tool of by most Western companies. 
c °°* ce ' “We found that we had to 


The number of in dividual add a couple of chapters to our 
Web users, and developers, is sai <J . M sanne 


tosh and IBM OS/2, have he ^-” . 

announced plans to indude in Company loyalty is still an- 
thedr basic software the means experienced no 


for forging a direct link to the other employer othra than the 
Intemrami a browser program state for more than! 5 vearsm 


— Mosaicoronecrfitsdona— the South and nearly four de- 


humor to resolve conflict. Jokes 
work. It means that my staff 
can yell at me, too.” 

Vu Minh Tuan, 25, a sales 
representative for Unisys, says 
he appreciates the freedom that 
comes with a job in an Ameri- 
can company: “In Vietnam, ev- 
erybody suffers from the person 
above you in the hierarchy. 


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BUT NOT FOB LONG 

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Bloomberg, AFP. AFX 


METROPOLITAN MU LTB- PLACEMENTS 

74, Grand-Rue L-166D LUXEMBOURG 
AVIS DE CONVOCATION 

Messieurs les actionnaircs. Pont ronvoques par In present avis a 

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ipii se tiendni »u nbgc social h 1 jj\<*m)»*>urg. Je 17 norenibre PJ94 a 

9 heures 15 avre 1’wtlrr du jour suivanl: 

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nies are planning to include a such as Vietnam Airlines, loyal- 
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processing programs that will good leaders and teachers. 
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documents with hypertext links knit office culture in a snail 
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In keeping with the philoso- 
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- Several of the original devel- 
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Page 16 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3* 1994 


** 


NASDAQ 


Wednesday's 4 p.m. 

This list compiled by the AP, consists of the 1,000 
mast traded securities in terms of doHar value. K is 
updated twice a year. 


. UMcnffl 
Hah Low Stock 


Oix Yid PE 100s HWI Law Luteal Oi’ac 


16 

Jo 


S3 


■ IBft 6 AAON 
72 17 ABC RaK 

30 14*6 AHT BM 
HVilWACCO 
74 HtAOEnl 

■43 31V4AOCTC 
67*4 21 ADC Tel 
21W14V.ADF13X 

‘lywinw AEsp w 

23ft 15WAESCP5 

33% IBftAK Steel 

31 'A 16 APS Hid 
33 10WAST 

.2BW MMABbnM 
11% aw Aale Tel 
3M TftAmHtt 
29% TJftAcdaim 
77% 14 AcmeMef 
UVi TftActrl 
24 ft ISftAcfVOtC 
30 lSKAocicm 
23% u Amnes 

26 10 Adetohh 

. 37W 30 AdiaSv 
J8W 1? AoobeSy 
'36W20WAdtrcei 

77% lOVjAdwHN 

17'A T2VjAUvTUl 
11% AftAOtrTiss 
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30 V, 35 AdvantB 
99ft 17 AlfOnpS 
16% 10 Aomco S 
16% 9 Aboum 
38% IB 1 '. AJtEaB 
6Jft4i!i,Atoo 
71% iftAtantec 
SB 1 -. IB W Atomic 
IBft uwAfdias 
JB'.iKV. AlexBId 
75% VaAfcGiR 
12V. 7V,AlianPh 
37 T'/iAlnScmi 

31 JlftAUiedGo 
33% 7'V AlotaBta 
40%2l%Aaera 
lift l6'/.AIfRex 
?tv, 10W Alteon 
93 47%Am«On 
27% 17 ABnkr 
19V, 9l.AmBMB 
IBVj Mft AOttkVdy 
SS’-.lOVjACoHdd 
39% l2'',AmEactfc 
24’'B IS'.i AmFrgnt 
3J 1 . J5% AGrwl 
34% SWAHllncP* 

IS", lift AMS i 
17 ft 6 ft AMedE 
a 12ft AmMbSal 
30% I4> .-APwrClW 

15 IC.sAPubSste -03 c 
73% lAWASayFL 


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Z 28 10 22% 21ft 2 

Z 9 SO I5W 15V. 15% — % 
13a J II 18 lift 15ft 15% — % 


Z _ 258 9 M I “ % 

: a iw 37-;. 35V. 36% “ft 

„ 34 394 47 45% 44ft —ft 

I _ 707 31 19*6 30 — W 

1693 lift 11 11 — 'A 

Ml 3.4 Id 693 30 19*6 19ft _ 

_ 21« 33ft 31 Vi 31ft — lft 

_ 14 519 77% 29 33 

_ 9528 13ft 13*4 13ft - 

_ 34 7376 23ft 2! 

_ 17 200 7ft 7 


23ft —ft 
7ft _ 


_ Z 312 IBVj 18„ 18% -Vj 


IDe 


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7t' . l«ft Amfcd 

5? ft 34 ft Amgen 
33ft a'.AcmchCn 
I/Vj I i*i.Anc*>Boi 
17% 10% AnehGm 
S3 I,". Andrew 5 
71 ft l3%*ndro'> 
UWiSWAntac 
13% 77uAperTiA 
19V, 14'. i Apogee 
43ft 34ft APpteC 
18% IJftAoiSou S 
35'.-. l r Aoiecco a a* 
lift 3ftAOdE«tr 
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54% 39% APldMon 
31V. 16 ArtiorOra .34 
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31 10" uArbrTJN 
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1J 26 1193 2Bft 

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a 2358 Wft 11 

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19% 19% _ 

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13% 


12 Month 
H0h Lew Stock 


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27V* ITftSourwrel 
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24V. lJ^S POOTO " 

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ur 
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33ft 

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16 21 6134 jflS 

Z '1& 
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62%a%T0dimB 
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lift laftTelCmA 



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21 1403 .. . 
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9 5 48 

9 2S2 40 
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£ OT l: 

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21 2160 

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“?§« 

IS 

a 

- 1616 19ft 

“ ml 15*9 

16 1347 7% 

X 166 14 

- 1129 4% 

4 14% 
14 1121 7 

- 62B 23% 

41 476 11% 
34 888 40 
41 1300 5 

* ® ?I% 

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27 1B53 10% 
70 827 39% 
13 110 61 

2 

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38 6875 24ft 
21 1728 22*6 

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37 1Q57U32 


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47 47ft _2 

^ 

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X XV, ♦% 


— 1323. l^ft 


_ 32 31 OS 


3 36. 

4% 4V, — 
20W 31% >1 

72 22% “% 

B% 9% “ft 
31 Wft “Ift 
X% 31 «ft 
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16(6 17 “ft 


W-X-Y-Z 


<8*6 37*6 WD 40 240 5.4 26 56 43 4 «VJ 47*6 —> Vi 

32%17V.WU*F(J J2 TJ 15 236 TA'h 2M 25% —ft 

31’AlffftWatoro 60 2J 11 1093 18% 17ft 18ft - 

fiO XftWdDaln - 78 853 35% 34V. 34% —ft 

21% 10% WonoLab - 644 207 13% 12% 12% — % 

£ 15 MR B% d iSli=S 

06 U% *% 

25*6 26% —ft 

IX 14 474 23% tt* 23V„Z^ 
2X 7 304 21*9 20*6 21ft tl? 

- 17 84 25 24% 24% - 

- M 2127 24ft 32% 22%— 2ft 

6 IB 449 25% 25 25 


wwi/nwiwie j a u / iu«ji igw 

119 %86 WMSB PID6.0O 6.9 - 305 86% 

X% 12%WatsnPh - & 443 Mft 

79 22 Worsins 32 9 17 94 MIA 


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25*518 WbStfn 
27 16 WetJHl 

,3 ; ? s is ja bs -5 


ZX y 1110 XV9 27% X. 


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19% l2*6Wstp(Stv 
lift 5%WWvrOn 
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30*6 VftWhalHty 

JSBERaeSRo 

27% 12 Wanawre 
23V5 16*4 Wortnotn 
37 TOftXRHe 
16*6 6*6XcelNet 
59 ft 29 XHku 
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22% 17 xpotfre 


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1.08 


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21 a 3633 45ft 44 45ft “ft 

- 55 1055 35 34 34*6 “% 

A3 11 260 2% 25 2S 

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- 25 1670 43% 39W 42% “2% 

_ 35 2044 22*. 21% Sft +% 

16 604 28*6 27*6 37*4 — 1 
9 19 37% 37 37% — % 


- 18 518 1316 11% 11% 


V 


AMEX 


Wednesday’s Closing 

Tables include the nationwide prices up to 
the closing on Wall Street and do not renec 
Hate trades elsewhere. Via The Associated Press 


13 Month 
Higti law Stoat 


Sb 


06 YWP6 IWi HWl LOW Latest Ql'M 


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4Vi, 2 ARC _ ... 5 706 2% 2 3'A> “Vi, 


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12 IMonin 
HtohLcw Stock 


ttv Yld PE 1006 High LowLoteriOTg 


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„ 9 155 7V, 7% 7*9 —ft 

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zi a a 


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37 Wft 89 8916—1 


27 27ft * % 
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14*9 10 BFUtQ 
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M 9 . . . . _ 

46’’, 36% BlolrCP 
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17 Monffi 
tfeh Low Stock 


Sb 


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Page 18 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


SPORTS 




Without Hockey, a Long Winter of Discontent Looms for Canadians 


By Joe Lapointe 

Sew York Tunes Service 

VANCOUVER, British Columbia — In conver- 
sations about hockey, the passion for the sport 
among Western Canadians doesn’t stop with words. 

David Maynard, an 18-y ear-old from Manitoba, 
recently introduced himself to a group of people in 
the club car of a westbound train by pulling up his 
shirt to reveal a red tattoo near his heart. It was the 
C-H logo of the Montreal Caoadiens. 

“It’s a thing in my family; we’ve all got one,” said 
Maynard “My dad has one. My uncles have one. 
My brother has one. It’s something we do on our 
18th birthday.” 

In his hometown of St. Malo, a small French- 
Canadian community, Maynard said, there are “two 
important things in town, the hockey rink and the 
Catholic church." Asked about the lockout that has 
shut down the National Hockey League season, 
Maynard replied: “Put it this way: They' took away 
my religion.” 

Unlike many American hockey fans, people here 
tend to support the team owners in the conflict over 
Wages — by a margin of about 2-to-l in Canada, 
according to polls. They believe that Canadian fran- 
chises, particularly in the West, have real financial 
problems, and that failure to address them will lead 
to the teams' moving elsewhere. Many also seemed 
exasperated by arguments about salary and prices. 

“Salaries are outrageous,” said Enn Murray, a 
young physiotherapist from Winnipeg. “Aren’t six 
figures enough?” 

Like others, she believes there is a direct relation- 
ship between wages and ticket prices. 

“A salary cap is understandable,” she said, “just 
so that the everyday Canadian can actually go to a 
hockey game.” 

Over all, the fans seemed to be taking the NHL 
shutdown with grim patience as October came to a 
close and the final leaves fell from the trees. But one 
young photographer said a mood change was near. 
“Wait until the the snow falls and the weather gets 


cold and they’re trapped in their houses,” he said. 
“Cabin fever will begin to set in. Then, look out." 
□ 

In Winnipeg, a prairie city of the wheal belt, they 
staged a sophisticated version of a barn-raising last 
week to support the construction of a new. big- 
league hockey arena. Without one, Winnipeggers 
and Manitobans fear they will lose their NHL fran- 
chise, the Jets, to the United States, possibly to the 
Twin Cities of Minneapolis and St. Paul, Minnesota, 
where suitors are wooing the owner. 

About 2,000 people listened to several speakers, 
including Bob Silver, a manufacturer of blue jeans, 
in the ballroom of a downtown hotel. Silver ac- 
knowledged Minnesota’s threat to take his team 
from his home and native land. 

“Well, they just might,” Silver said, his voice 
rising with emotion, “but not without a fight. We’re 
bigger than Minnesota, we’re better than Minnesota 
and we can make it work!” 

Later, he said Western Canadians were siding 
with the team owners in the NHL dispute because 
they hope wage control will keep the business alive 
in smaller markets. 

“It’s an endorsement not only of Winnipeg, but of 
all the smaller communities, the ones that need the 
revenue-sharing,” Silver said. “Without that, we 
don't exist, especially cities like this and Calgary, 
where hockey comes from. We are fanatic about 
hockey. If we lose it here, we might as well be 
importing them all from Russia.” 

□ 

In Calgary, a long block of Eleventh Avenue 
downtown is better known us “Electric Avenue” 
because it is the brightly lit center of night life. 

But on one recent evening, despite clear, crisp 
weather, there were few live wires sparking the 
sidewalks, few patrons in the clubs and bars. Part of 
the blame, especially at “Slinky’s Sports Bar & 
Grill,” was being put on the lockout that has idled 
the hometown Flames. 

When the NHL is playing its regular schedule. 


Stinky’s docs big business, even on weeknights, 
because it pulls in telecasts of games from out of 
town through six satellite feeds spread out amon g 25 
monitors. 

But on this night, the only events bong shown 
were a tape of the Canada Cup Hockey tournament 
from 1 987 and a tape of the Knicks playing Houston 
in last June's National Basketball Association finale 

Rob Gradishar, a part-owner of Stinky’s, had a 
frown on his face when be came out from behind the 

Tut it this way: They took away 
my religion. 9 

David Maynard, Canadian hockey fan 

bar to discuss the economic and social imp act of the 
shutdown. Scattered around him were about two dozen 
customers in an establishment that seats 100 people 
and accommodates many tome standees. He expressed 
little support for either management or labor. 

“I hope they both die of hunger,” he said. “Isn’t 
there more than enough money for everybody?" 

_ □ 

in Edmonton, even during the lockout, there is 
plenty of activity inside Northlands Coliseum, home 
of the Oilers. Midway through an afternoon last 
week, the air was filled with construction dust and 
the banging sounds of carpentry from dozens of 
workers wearing hard hats. 

With October games canceled and November 
games slipping away, the construction schedule at 
Northlands has been accelerated. They are installing 
35 new luxury suites, which will be sold and con- 
trolled by Peter Pocklington, owner of the Oilers. 

One of the stated reasons for the lockout is to retard 
the growth of salaries so that owners such as Pockling- 
ton can stay in business in places such as Edmonton. 
In recent years, Pocklington accepted large sums of 
money in deals that sent players like Gretzky to Los 
Angeles and Mark Messier to New York. 


Last season, when Pocklington threatened to sell 
his team and let it move to the United States, he 
forced the committee that runs Northlands to give 
him a new lease with much more favorable terms. 

With salary controls a possibility and luxury box- 
es a reality, Pbcklington's Oilers could soon generate 
a large amount of revenue for their owner. These 
drcumstances draw mixed reactions from their loyal 
fans, who know the history here. 

“It’s almost like the owners are Chicken Little." 
said Dean Wetzel, who works as a resource manage- 
ment planner for the Alberta government. “Instead 
of crying out that the sky is falling, they run around 
saying: Tve been driven into poverty! I’ve been 
dnven into poverty! I’ve been driven into poverty!' " 

□ 

When Arthur Griffiths left Vancouver for a vaca- 
tion in Hawaii, he said he was a dove on the lockout. 
But when he returned last week, the young owner of 
the Can 11 ^ said his position had changed “to more 
of a hawk.” 

His change of heart, he said, was caused by the 
Players Association's refusal to believe that the 
owners are having financial problems. Despite 
reaching the Stanley Cup finals last season, the team 
barely made money, Griffiths said. 

“We made $800,000 net profit on a $50 million 
business,” be said. “We took in $9.3 million in the 
playoffs. It got our bacon out of the fire. The 
numbers are there despite what the union might 
want to let you think.” 

The Canucks raised their admission prices by 45 
percent this summer. They lost 1 ,000 season-ticketh- 
olders this summer and gained back only 850 when 
they raised their admission prices. Single seats cost 
up to $59. Seven years ago, be said, his payroll was 
S8 million. This season, he said, it will be $26 
million. 

So if the hockey business is so bad, why is Grif- 
fiths buying up the public stock in his team, increas- 
ing his share from 51 percent to 87 percent? 


“Economies of scale.” he said. Griffiths also is the 
principal owner of the Vancouver Grizzlies, who 
begin play in the National Basketball Association 
next season. 

Both the Canucks and the Grizzlies will play is 
Griffiths’s new ar ena, under construction near the 
waterfront in tins stunningly beautiful city on the 
Pacific rim. The arena will have S8 luxury boxes that 
are already all sold out for hockey at up to $130,000 
per season. 

A few miles away, at the Britannia Arena in a 
working-class section of town, hockey economics are 
a little -different for the guys who gather for the 
pickup game at noon every Friday. They pool their 
money to rent an hour of ice. 

“It’s $3.25 each and goalies play for free," ex- 
plained Tommy Ho, a center, who had finished 
another pickup game at another arena around mid- 
night the night before. He pays for his ice time by 
working at yet another arena, sharpening skates. 

Ho sat on a bench, taping up his stick and chatting 
about the postponed NHL season. Across from him, 
lacing up Ins skates, was Gavin Yee, who wore a 
Philadelphia Flyers style uniform and said the lock- 
out forced him to cancel his yearly vacation to 
Philadelphia, where he goes to games at the Spec- 
trum. Down the bench from him was Bob Kraljii, a 
furniture mover who tried to explain why guys 
around here will pay to play hockey in the middle of 
the day or night. 

“Obviously, I could do other things for the exer- 
cise,” Kraljii said. “Hockey requires a bit of planning/ 
and patience and sacrifice. It puts strings on your 
relationships with your girlfriend and your job.” 

“But there’s something about when winter comes 
along in Canada,” he added. "The culture dictates it. 
It’s a freedom thing . Out there, on the ice, you are 
flying! You can be a kid again. They could tow my 
car away and I wouldn’t get off the ice to stop them. 
I’m 30 years old and I get out there on that ice and 
play hockey and 1 forget all my troubles. You get 
back to the essence of youth.” 


His Number Is Up, 
But Not His Time 

By Harvey Araton 

VtfH- York Times Service 

CHICAGO — Michael Jordan did not want to sav good- 
bye, because he’s hoping to meet this city’s sports fans again. 
At Comiskey Park. 

“In basketball, I fulfilled my dream,” Jordan said after the 
Chicago Bulls retired his uniform jersey No. 23 here on 
Tuesday night at the new United Center. “My dream now is 
to play in the major leagues.” 

The programmed two-hour show — short on passion. long 
on glitz — was telecast live. Guests playfully urged the former 
Bulls great to rejoin the team that won three successive 
National Basketball Association championships, a run that 
ended with Jordan's sudden retirement before last season. 

Jordan, who took time out from playing winter baseball in 
Scottsdale, Arizona, wouldn’t bite. 

“Hopefully, with that jersey hanging up there, it will put 
these things to rest,” he said. 

Tuesday night’s program, aside from serving to retire Jordan's 
number, benefited the Chicago Boys and Girls Club charity that 
Jordan set up in memory of his father. James, who was murdered 
in 1993. Tickets were $50, $75 and $100, and roughly 20,000 were 
; sold. The fans gave Jordan several long standing ovations. 

“I think they were actually trying to make me cry,” he said. 
“I didn't want to cry. I got emotional a little bit.” 

Jordan’s mother, Deloris Jordan, attended, as did his wife, 
Juanita, the couple’s three children and many of Jordan's 
former teammates, like Scottie Pippen and John Pax son. 
Conspicuously absent from Jordan’s Bulls were Horace Grant 
and Bill Cartwright, now with Orlando and Seattle. 

The Knicks' Patrick Ewing, who shares the agent David 
Falk with Jordan, attended, as did the former NBA greats 
Julius Erving, Oscar Robertson, George Mikan. Bob Cousy 
and Kareem Abdul-Jabbar. Magic Johnson, Larry Bird and 
Charles Barkley sent videotaped greetings. 

Jordan said that if he had one regret, it was that his night 
could not be held next door, at condemned Chicago Stadium, 
where he played his entire nine-year career. 

"The new building is over here, but Michael Jordan’s 
memories are over there.” he said 



Eupinc GjKU'Agnicc Francc-Piruc 

Michael Jordan dwarfed by a statue of himself at a 
ceremony during which his Bulls jersey was retired. 


NHL Managers Weigh Canceling Season 


Compiled by Ov Staff From Dispatches 

TORONTO — National 
Hockey League general manag- 
ers discussed cutting the season 
in half or canceling it altogether 
if the league's labor troubles are 
not solved by New Year’s Day, 
The Canadian Press .reported. 

"They told us basically to do 
our math and figure out when 
the season might be canceled,” 
one general manager, who 
asked not to be identified, told 
the news agency. 

Although no decisions were 
made during a conference call 
Tuesday, the wire service report- 
ed that management was zeroing 
in on a 40-game season begin- 


ning Jan. 1 as the minimum for a 
legitimate season. 

The NHL vice president of 
hockey operations, Brian Burke, 
told ESPN Radio that he re- 
mained optimistic that a settle- 
ment could be reached, but 
warned that the season must be 
resumed by early January. 

“We will not play a meaning- 
less schedule.” Burke said. “I 
cannot justify playing a 30- to 
35-game schedule.” 

When asked what constituted 
a meaningful schedule, Burke 
said 40 to 42 games, and be said 
there was a legitimate danger of 
passing the point of no return in 
January. 


“There’s a very real, substan- 
tia], significant risk that we're 
not going to have hockey.” he 
said. 

Officially, the league has can- 
celed only four games per team. 
It is expected to trim at least 10 
more games from the original 
84-game schedule this week. 

The NHL commissioner, 
Gary Bettman, and the union 
head. Bob Goodenow, have met 
only twice in three weeks. No 
progress was reported after the 
most recent meeting in Wash- 
ington on Monday, and no 
more talks are scheduled. 

Goodenow was planning to 
meet with 200 players on 


Wednesday at a Toronto hotel 
to update them on the month- 
old lockout and discuss other 
financial matters relating to 
their lack of employment 

Owners originally delayed 
the start of the season for two 
weeks in order to allow time to 
work out a collective bargaining 
agreement to replace the one 
that expired Sept. 15, 1993. 

That delay has stretched into 
its second month — the longest 
labor disruption in NHL histo- 
— with 175 games lost 
ough Tuesday. Eight more 
were scheduled for Wednesday. 

(AP, Reuters ) 




4 Groups Bid for 2 Baseball Franchises 


By Mark Maske 
and Eric Lipton 

Washington Post Service 

CHICAGO — Representatives of four 
would-be ownership groups from three 
communities seeking major-league fran- 
chises have made their pitches to baseball’s 
expansion committee. 

Bart Fisher, an attorney who is leading 
one of the two groups attempting to secure 
a team for Northern Virginia, created per- 
haps the biggest stir when he told the nine- 
member committee that a syndicate of 
black investors would be the franchise's 
largest shareholder if he and his partners 
were awarded an expansion club, 

Phoenix, Arizona, and Tampa-St. Pe- 
tersburg, Florida, also made presenta- 
tions at an airport hotel here on Tuesday. 
And baseball sources continued to sav 


that those communities were the clear 
favorites if baseball awarded two expan- 
sion teams. 

“I think we're offering baseball a hisior- 
ic opportunity.” Fisher said. “We think it's 
a home run. 1 think someone from our area 
is going to get a team. Our group is offering 
baseball not only the opportunity to return 
the national pastime to the nation's capi- 
tal, but also to do it in a way that's repre- 
sentative of the community.” 

Sources dose to the process said they 
believed the Northern Virginia group led 
by the telecommunications executive 
William Collins 3d had emerged as the 
area’s more-attractive, stable ownership 
conglomerate. Collins said late Tuesday 
he would not consider merging his group 
with Fisher’s. But Fisher's surprise an- 
nouncement may place considerable 


pressure on baseball, which often has 
been criticized for its lack of minority 
leadership. 

No African American has served as the 
majority owner of a major-league fran- 
chise. The only minority-owned team is the 
Seattle Mariners, who were purchased by a 
group of Japanese-led investors. Two Afri- 
can Americans, Comer Cottrell with the 
Texas Rangers and Roger Blunt with the 
Baltimore Orioles, are part-owners of ma- 
jor-league franchises. 

“We are offering baseball the opportu- 
nity, for the second time this century, to 
address an issue that needs addressing.'' 
said Robert W. Johnson, a venture capi- 
talist who is involved with Fisher's group. 
“The first time was with Jackie Robin- 
son." 


DENNIS THE MENACE 


PEANUTS 


CALVIN AND HOBBES 



For 

'investment 

information 

Read 

the MONEY REPORT 
every Saturday 
in the IHT 



















Page 19 






A*. 


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Chibs to Old 
Divisions 


Weah Helps Catapult PSG Into European Cup Quarterfinals 

AC Milan Edges Athens on Panucci Goals 


Mi. 


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. 71? Associated Press 

KO^^ONT. Illinois — ■ Be- 
cause National Football 
league club owners were un- 
able to" agree on a realignment 


plan, the league’s commission- 
er, Paul Tagfiabue, on Wednes- 


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day placed the Jacksonville and 
Carolina e xpa nsion franchises 
into the NFL*s current four- 
team divisions. 

Jacksonville will play the 
1995 season in the AFC Cen- 
tral, with Houston, Cleveland, 
Cincinnati and Pittsburgh. Car- 
olina wiB play in the NFC 
West, with San Francisco, At- 
lanta, New Orleans and the Los 
Angeles Rams. 

The league will have six divi- 
sions of five teams each. 

Tagli abue said the plan 
would be in force for next sea- 
son season only. Club owners 
must vote to either reaffirm it or 
jealign the divisions. 
^'Pittsburgh’s owner, Dan 
Rooney, had proposed that six 
te am s — Seattle, Tampa Bay, 
Arizona, Indianapolis, Houston 
and Atlanta — change divi- 
sions. But many teams balked 
at the loss of rivalries and, sub- 
sequently, posable revenues. 

“Ultimately, we’d like to 
move some people around — as 
long as it’s not us,” said Minne- 
sota's president, Roger Hea- 
drick. “But that’s the way other 
people feel, too, and that’s why 
we don't get anything done.” 

Tagfiabue appointed a 10- 
member committee to study the 
issue. The committee will report 
at a meeting in March. 

Also, anew scheduling meth- 
od was enacted to make room 
for the two new fran chises. 
Each of the league's 30 teams 
will play eight games within its 
divisjon, . four games against 
nondivision teams within its 
conference and four games 
against teams from the other 
conference. 


A solitary goal by Liberian 
striker George Weah carried 
Pans St.-Germain into the 
quarterfinals of the European 
Cup on Wednesday with a 1-0 
victory over Dynamo Kiev of 
Ukraine. 

Weah’s header in the 6Sth 
minute gave PSG a maximum 
®ghl points from four games in 
me Champions’ League Group 
B and guaranteed them a place 
in the last eight with two match- 
es still to play. 

But the Paris team had to 
struggle to break down a 
packed and determined Kiev 
defense in a game almost totally 
dominated by the home team. 

Dynamo, trying desperately 
to contain their French oppo- 
nents, massed all their players 
behind the ball for much oF the 
game and it took a little luck to 
break the deadlock. 

Brazilian forward Rai mis- 
timed a shot when Vincent 
Guerin sent him clear but his 
effort looped over goalkeeper 
Alexander Shovkovsky and hit 
the post. Weah, racing in, was 
first to the ball as he headed in 
the rebound. 


shot bounced off the ground 
over Kahn and into the net. 

The Germans, slowly recov- 
ering from the early shock got 
on track in the 29th minute, a 
perfect free-kick cross from 


EUROPEAN SOCCER 


Christian Ziege was headed in 
by Christian Nerlinger lo level 
the score. 

But only three minutes later, 
Spartak went ahead again. Di- 
mitri Alenichev broke past 
three Bayern defenders, and 
drove home past Kahn. 

The Russians also had their 


problems, especially with high 
id Bayern 


Bayern Munich 2, Spartak 
Moscow 2: Sammy Osea Kuf- 
four, an 18-year-old defender 
from G hana playing his second 
professional match, salvaged a 
draw for Bayern Munich 
against visiting Spartak Mos- 
cow in a Group B match. 

Kuffour scored three minutes 
before halftime as the German 
strug g led against the skillf ul 
Russian team. 

The Russians stunned Bay- 
ern with an early goal After a 
Russian corner in the 4th min- 
ute from Valery Kec&dnov, Bay- 
ern goalkeeper Oliver Kahn was 
slow off the line and bumped 
into Nikolai Pisarev while try- 
ing to punch the ball away. 

Kahn’s clearing attempt 
found Andrei Tikhonov, whose 


crosses, and Bayern used such 
on opportunity m the 42d min- 
ute when Brazilian star Jor- 
ginho crossed from the right, 
and Kuffour rose to head the 
ball under the bar. 

Barcelona 4, Manchester 
United 0: In Barcelona, Bulgar- 
ian striker Hrisio Stoichkov 
scored twice Tor Barcelona in a 
resounding defeat of Manches- 
ter United in a Group A match. 

The Tour-time defending 
Spanish league champions took 
the initiative almost immediate- 
ly as Dutch defender Ronald 
Koeman picked up a yellow 
card in the second minute after 
a stiff tackle on Manchester's 
Mark Hughes. 

Stoichkov struck first in the 
ninth minute with a goal set up 
by Jordi Cruyff, the son of 
coach Johan Cruyff and a sur- 
prise starter in the match. 

The Brazilian World Cup 
hero Romirio made it 2-0 in 
injury time in the first half 
when he scored head-on from 
12 meters after a crossing pass 
from Stoickhonv. Stoichkov 
struck again in the 53d minute. 

Barcefoaa’s defender Albert 
Ferrer capped the scoring in the 
88th minute. 

JDFK Gofeboig 1, Galatasaray 
0; In Istanbul, An 87th minute 
gpal by Magnus Erlingmark 


gave IFK Goieborg a 1-0 vic- 
tory over Galatasaray of Tur- 
key in a fast-moving Group A 
game. 

Both teams were foiled by 
good saves by goalkeepers 
Thomas Ravelli of Goieborg 
and the home team's Gintaras 
Siauche. 

Galatasaray failed to convert 
good chances to score who) the 
Turkish squad dominated the 
field early in the first half and 
well into the second. 

Hajdtik Split 0, Anderfecbc 0: 
In a Group C match in Brussels, 
Hajduk Split of Croatia virtual- 
ly clinched a berth in the league 
quarterfinals by holding Ander- 
lecht of Belgium to a goalless 
draw. 

Sfeaua Bucharest I, Benfka, 
1: In a Group C match in Bu- 
charest, Steaua played to a 
draw with Benfica of Portugal 
on goals by Basarab Panduru 
for Bucharest in the 27th min- 
ute and Cristovao Hdder for 
Benfica in the 63d. 

AC Milan 2, AEK Athens 1: 
In Trieste, Italy, defender 
Christian Panucci scored two 
second-half goals in seven min- 
utes to earn defending champ'- 
on AC Milan a victory over 
AEK Athens and two vital 
points in Group D standings. 

Wednesday night's victory 
on the neutral find of Trieste 
gave the Italian team 3 points in 
/bur games. 

Midfielder Toni Savevski put 
the Greek team in the lead with 
a left drive from 12 meters in 
the 16th minute. 

Panucci, a member of the 
Italian national team, beaded in 
the equalizer from an angled 
position in the 68th. Panucci 
scored the game winner with 
another header in the 75th min- 
ute. 

Ajax; Amsterdam L Casino 
Salzburg 1: Jari Litmanen pre- 
served Ajax’s unbeaten run in 
the Champions League with an 
85tb-minuie goal to draw with 



Parma's Lorenzo Minotti, left, scoring one of his two goals on Wednesday against Sweden’s AIK Solna in Parma, Italy 


Casino Salzburg in a Group D 
game in Amsterdam. 

The result virtually guaran- 
tees Ajax a quarterfinal berth 
with six points from its four 
matches. 

Tomislav Kocijan headed 
Salzburg into the lead in the 
63d minute. After the Salzburg 
score, Liimanexi twice drew 
saves from Salzburg's goalie 
Otto Konrad before belting 
him five minutes from time with 
a powerful left-fool shot on the 
turn. 

In UEFA Cup matches on 
Wednesday: 

Parma % AJK Sohta 0: Par- 
ma’s captain-sweeper Lorenzo 


Minotti scored two goals to lift 
the Italian league leader over 
Sweden’s AIK Solna. The home 
victory added to a 1-0 win 


scored by Parma in the first-leg 
in Sx 


game in Sweden two weeks ago. 

Juventns 2, Maritimo Fun- 
chal I: In Turin, forward Fabri- 
zio Ravanelli scored twice as 
Juvemus beat Maritimo Fun- 
chal in a third-round match to 
advance to the next round on a 
3-1 aggregate. 

Odense Botdklub 0, Kaisers- 
fautern. th Denmark's Odense 
Boldklub gained the third 
round by holding Kaiserslau- 
tern to a scoreless draw at 
home. 


Unrest by Aston Villa Fans 
May Bring UEFA Penalty 


Agence France- Prase 

BIRMIN GHA M, England — Aston Villa is facing a heavy 
penalty by UEFA after a handful of fans invaded the pitch 
following the English soccer team’s surprise elimination from 
Ihe UEFA Cup by Trabzonspor of Turkey on Tuesday. 

Several fans ran onto the pitch and tried to attack rival 
supporters who were celebrating the Turkish club's advanced 
to the third round for the first time. 

Villa was fined £12.000 ($19,500) and received a stem 
warning from UEFA after a first-round victory over Inter 
Milan, when celebrations extended onto the pitch. 


. r. 




For South African Marathoner, a Run From ‘Zero to Hero 9 


By Jere Longman . . 

New York Tima Service 

NEW YORK — This is how Willie 
Mtolo’s 1 ife has changed since he won., 
the 1992 New York City Marathon: 
He was voted South Africa’s sports- 
man of the year. Six months ago, he 
was one of two athletes invited to the- 
inauguration of President Nelson 
Mandela. On Sunday, he will nm New 
York again for victoiy, but at homebe 
runs often for peace and unity. 

He organizes charity runs for 
peace in the townships where blacks 
were restricted under the rarial poh- 
des of apartheid, naming with a 
white flag, encouraging whiles to en- 
ter black neighborhoods, urging peo- 
ple to come together now that law no 
longer keeps them apart 

More than 150 runners havejoined 
the Willie Mtolo Athletic Chib. 
Apartheid is gone, but inequality in 


sports remains. The best facilities are 
situated in white neighborhoods, so 
Mtolo is working to bring his sport to 
blacks, organizing races, measuring 
the correct distances on dirt tracks, 
providing incentives for kids to run 
their fastest times. The “zero to hero” 
program, he calls it. 

There is much work to be done. In 
all of black South Africa, there is 
only one all-weather running track. It 
is in Soweto and was built with 
church money, not for running, but 
for wheelchair races for the disabled. 
In another Soweto neighborhood, a 
cement velodrome sits unused, a 
well-intended waste because most 
people cannot afford bicycles. 

Slowly, things are changing in die 
newly democratic South Africa. A 
new trade stadium has been planned 
for Soweto. And role models Kke 
Mtolo are planting the seeds of hope 


for what some believe could be as 
fertile a running harvest as was pro- 
duced in Kenya. 

“He has rolled his sleeves up and 
gotten his hands dirty , trying to help 
kids on a grass-roots level,” Ray De 
Vries, who is Mtolo’s agent, said 
Tuesday. “Few athletes do that.” 

Two years ago. South Africa had 
just been readmitted to (he Olympic 
embrace after 32 years of banishment. 
Mtolo, 30, was the first South African 
to officially enter the New York City 
Marathon. His victoiy changed many 
fives, including his own. 

With the $20,000 in prize money, a 
$30,000 bonus for running undo- 2 
hours, 10 minutes (2:09:29) and the 
Mercedes-Benz he won in New York, 
Mtolo has bought a house in the 
Pinetown section of Durban, a port 
city on the Indian Ocean. He lives 
near De Vries, something that would 


have been impossible under the 
Group Areas Act that once separated 
the races under apartheid. 

Two brothers and sisters live with 
him, and for bis sisters he provides 
money for school and clothing. He 
has also purchased a 300-acre (120- 
hectare) farm, and a tractor for the 
two-acre spread where his mother 
grows com and potatoes in the vil- 
lage Of Kflmon. 

“The victory was a good thing for 
South Africa,” Mtolo said. “People 
needed a hero.” 

He is dedicating this year's mara- 
thon to Fred Lebow, the race director 
who died of brain cancer last month. 
Lebow brought Mtolo to New York 
as a spectator in 1991. A year later, it 
was Mtolo who held the tape when 
Lebow crossed the finish line when 
he ran his own marathon. 

This year, Mtolo will have as a 


personal cheerleader his own mother, 
Bagchili Mtolo, who has never seen 
him run. This is her first trip out of 
South Africa, her first ride in an 
airplane. In South Africa, she lives in 
a remote village without electricity or 
running water. In New York, she has 
taken her first ride on an elevator and 
an escalator. 

For the next five days, he is con- 
centrating on running." He has not 
won a major marathon since New 
York. Last year, he overtrained and 
ran without distinction. This year, he 
finished second to Vincent Rousseau 
of Belgium in the Rotterdam Mara- 
thon, running 2:10:17, his fastest 
time since winning in New York. 

His mother will be waiting at the 
finish line. “I’m very excited with my 
mother here,” Mtolo said. “If she 
sees me fait the tape, I think she will 
cry.” 


SIDELINES 


Indian Record-Holder Quits Cricket 


NEW DELHI (Combined Dispatches) — Kapil Dev, test 
cricket’s highest wicket-taker, announced his retirement from the 
game on Wednesday. 

Kapil, 35, took a world-record 434 wickets in 131 tests with his 
fast-medium outswing since his Test debut on Oct. 16, 1978 
against Pakistan. He is the only man in test cricket to have scored 
over 5,000 runs and taken more than 400 wickets. 

He became the top test wicket-taker when he broke Sir Richard 
Hadlee's record of 431 test wickets during a test match against Sri 
Lanka earlier this year in India. Kapil Dev has played 131 tests 
and 224 one-day internationals. He said he would begin a new 
career as a television commentator. (AP, Reuters, AFP) 

A Top Cuban Boxer Defects to U.S. 

MIAMI (AP) — A top member of the Cuban national boxing 
team and one of the best amateurs in the world in his weight 
division took advantage of a one-night stopover to defect with the 


help of a former teammate who defected last year. 


really didn’t have a detailed plan in mind,” Dzobelys Hur- 
' I was in Miami, a place with a 


tado Pimentel. 22. said. “I figured 
lot of Cubans who would welcome me. 1 didn’t know if I’d have 
the opportunity a g a in ." 

With his teammates, Hurtado had been heading back to Cuba 
after a 10-2 victoiy over the United States in a dual meet in 
Connecticut. He said he managed to slip out of the team's Miami 


SCOREBOARD 


hotel early Monday. He checked into another hotel and, at 3 A.M.-,-‘ 
the only per 



EMOUSH PRHMJIR LEAGUE 
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hom Forest 27, Mancttostw united 25, Biot*- 
bum M. Uw p ool 23. urn* 71, CMttaa 19, 
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W«*l Horn VLQoWs Pert Rtswers 11 Slwl- 

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9. Everton 7. 


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ta dMte w. ta Lahore 

Australia 1st Innings: 313 (Oil out) 
Pakistan 1st intenov «M 



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assistant dtroctar at pknuer development 
Stoned Gary Nickels. sco ut i n g director, to «- 
year contract «tenstoa and Frod UNmon jr« 
acstefent scouting director, toa-war contract 
BOSTON— Occttned to exercise Itxrir 1995 
option on Daman Berrvtilll, catcher. 
CLEVELAND — Named Clark Crist scout 
KANSAS CITY— Named MltcMi Page 1st 
base cooch. 

NEW YORK— Aareed to terms with Scott 
Bankhead, pitcher, on Vvear contract. 


BALTIMOR E — Named Svd ThrWl director 
of plover development Named Dan Buford 


National Leaoee 

ATLANTA— C totaled Jamie DFsmufce. first 
baseman, off waivers from OnetrmaH. 


CINCINNATI— Purchased the contracts of 
Mott Gn*tt and Terry Brass, pitchers, and 
Kavta Maos, first baseman, from lndkmopo- 
IfabAA; Tim Bate, first basemen: ErK Owens. 
blBeMcr: Pokey Reese, shortstop; and Chad 
Mottofa. out new e r , tram Chattanooga SL: 
and Chad Fox, pitcher, tram Wtacton-SaJenv 
Cl_ Erik Hanson. pRcitcr. refused asstanment 
to iMBanopadaAA, and elected free aaenev. 

PHILADELPHIA— dot med Gory Mota 
outfielder, aft waivers from OnctanatL 
BASKETBALL 

National BasMttMH Association 
CHARLOTTE— Waived Chad GallaBher 


CROSSWORD 


ACROSS 

i Singer VUcki 
s Dadaist Hans 


a Rabbitlike 
animals 


is Stage award 
14 Didst exist 

ig Mutual of 

r7 Spool 

decoratin' 
Granny Smiths? 



2» Deck officer 
21 Bulgar. o.g. 

23 Cloned 
computers 
23 Weekday abbr. 
25 Southwest New 
York city 

27 Bird GitUn 1 atop 
a stogie? 
as Nantucket f.’s 
in it 

34 Joke 

35 Richards of 
tennis 

37 Cork. e.g. 

40 Scraped the 

bottom of 
«2 "Dynasty' 
actress Garber 

.43 Canals 

«4 Keats's “The 

of SL 

Agnes’ 

45 Result of 
cu/rants 
marryin’7 
so “West Side 
Stcry’ song 
si 'Love Story’ 
composer 
Francis 

S2 Greenish-blue 

ss Pods for stews 
57 Map dot. maybe 
61 Actor havin' 
missed his 
seat 7 

64 payment for 
dozens? 
ss Dweeb 

eaPurvianceof 
Chaplin films 

67 Hoard 

aaCPrdoba couple 
aaOoze 


2 "Peek “ 

a Some are spare 
4 Bhml turndown 
l Barley beard 
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7 Extend 
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12 Smart talk 
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19 With: FT. 

24 Pulitzer 
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1953 

26 Yorkshire river 
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28 Put into words 

29 Biota part 

ao One of a pair at 
Henley 
at Provoke 
33 Actor 
Christopher 
36 P.M. before 
Macmillan 

as Humans and 
monkeys 

as City on the Amo 

40 Play fa'***' 

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41 Chum 

43 Wolfed (down) 

46 Nutritional 

necessity 

47 Carton rival 

48 Nond erica! 

40 Set on the table 

52 Puts on 

53 Surrender 

54 piebe's place: 
Abbr. 

36 American 



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and Brant Szaba centers; Tomas Elliott and 
Emmett Hall forwards; and James Block' 

wall BuanL 

CLEVELAND— Stoned Tonv CnmcBefl, 
auanMorvrardL Waived Mike lutzollno and 
Gary Cotlter. puartte, and Metvtn Simon, tor- 
word. 

□ALLAS — Traded Sean Books, center, to 
Mbmraota for a first-round draft pick. 

DENVER — Waived Mark Randall, for- 
ward. Placed Lapfnma EUls. forward, and 
Darnel) Me*, guard, an hilured reserve. 

GOLDEN STATE — Waived Chris Monk, 
forward, and Or Junto Smart puonL 

HOUSTON— Waived Albert Bwnfltt. tor- 
wand, end Larry Robinson, guard. 

INDIAN A Re leased Joe wait, forward, 
and Spencer Dutklev. center. Placed Damn 
Bed lev. guard, and Scott HcsWn. forward-cen- 
ter, on ttie injured list. 

LA. CLIPPERS— HMved Stephen Thomp- 
son and Orlando Vega, guards. 

LA. LAKERS-— Waived Kendrick Warren, 


MIAMI— Waived Steve Henson and Kevin 
Pritchard, guanfe, aid Chuckv Brown tor- 
wad. 

Ml LWAUKEE— Wdfved Arturos Kamlsho- 
vas and Robert CtiureftwetL forwards, and 
Derrick Phetos. guard. 

MINNESOTA— waived Pot Durham, far- 
ward, and Dove Jomeraon. guard. 

NEW YORK-Walved Greg Butler, ranter. 

PHILADELPHIA— Waived James Donald- 
son. center, and Derrell Dumas, center. 


PHOE N I X—Wotved Malcolm Mockcv, tor- 
ward. and Anthony Goklwlre and Winston 
Garland, guards. 

PORTLAND— waived Jarwi Jac kso n. 
guard, and Kevin Thompson, forward. 

SACRAMENTO— Stoned Brian Grant, for- 
ward. waived Jimmy Oliver. LaBradtord 
Smith and Thomos Hill, guards. Signed Doug 
Lee. guard. 

SEATTLE— Waived Paul Graham and 
Chris King, forwards. 

FOOTBALL 

FoattMta League 

ARIZONA — Wotved Fred McAton, running 
hock. Stoned Frank Harvey, running bach, to 
the practice sauod. 

GREEN BAY— Placed Lenny McGlIL de- 
tanstvw hock, on Iniured reserve. CM med Ke- 
shan Johnson, camerback. off waivers from 
Chicago. 

MEW ORLEANS— Signed Lance Trtoief- 
man. defensive lineman, and Willie Nelson, 
safety, to the practice squad. 

HOCKEY 

Hattaaal Hockey League 

BOSTON Named Boa Tindall director at 
pro scouting and devekvmenL 

PHILADELPHIA FLYERS— Announced 
that Keith Aetorv us s lsttol coach, has stoned e 
aStoomc tryout ca nt m et with Hershev. AHL. 

COLLEGE 

SOUTHWESTERN ATHLETIC CONFER- 
ENCe—UptteW *Min« imposed on Alcorn 
State's tootban oragram Iasi August for con- 
ducting out-of-season practices In June. 


phoned the only person he knew in the area, a former teammate, 
Giorbis Barthdemy, who defected last year. Hurtado is consid- 
ered one of the top amateurs in the world in the 132-pound (60- 
kflogram) division, according to USA Boxing. In Cuba, he is 
ranked No. I in his weight class. 


NBA Teams in Japan for Openers 

YOKOHAMA, Japan (AP) — The Portland Trail Blazers and 
the Los Angeles Clippers arrived here Wednesday to prepare for 
their National Basketball Association season-opening games in 
Japan this weekend. 

The two tMtni will open the 1994-95 season with games at 
Yokohama Arena on Saturday and Sunday. The games mark the 


third time NBA openers have been played in Japan. The first were 
played in 1990 between the Phoenix Suns and Utai 


played in 1990 between the Phoenix Suns and Utah Jazz. 

The contests also will mark the NBA debut of Portland’s coach, 
P. J. Carlesuno, who is switching to the Blazers' helm after 12 
seasons as head coach of the Seton Hall college team. 


For ihe Record 


The San Antonio Spars os Wednesday suspended Dennis 
Rodman without pay lor the first three games of the National 
Basketball Association season because of his recent behavior. The 
team originally had announced an indefinite suspension against 
Rodman following an outburst in a preseason game Monday with 
the Charlotte Hornets. (AP) 


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Page 20 


INTERNATIONAL HERALD TRIBUNE, THURSDAY, NOVEMBER 3, 1994 


art buchwald 


The Pope’s Book Tour 


m 


i* 


W ASHINGTON — The 
Pope has written a new 
book, and the publishers have 
high hopes for iL That's why a 
t ea m of American publicists 
went over to see him to discuss 
his book tour. 

The conversation went some- 
thing like this: 

“Good news. Your Holiness, 
Barbara Walters has agreed to 
put you on her 
show. The bad 
news is that 
Barbara said if 
you do it you 
can't go on 
Diane Sawyer 
or Connie 
Chung. It was 
a dose call, but H A jfe- 
Barbara's put- H rM 
ting you on Buchwald 
with Prince 

Charles and Alan Dershowiiz, 
and we figure that she should 
have an 8Q share of the audi- 
ence. Larry King is dying to get 
you but can’t give us a firm ‘yes’ 
because he still hasn’t heard 
from Ross Perot and Mrs. Huff- 
ing ton. 

“We told Larry that we can’t 
hold off any longer because we 
are being pressured by the 
‘Hard Copy’ people, who say 
that this is the First time they 
have agreed to do a straight 
interview with a high official of 
the Catholic Church. 

"Now, Your Holiness, here's 
your book schedule. We want 
you to visit major dlies such as 
Billings, Montana; Portland. 
Maine; Cheyenne, Wyoming, 
and Fairbanks. Alaska. These 
are towns that specifically asked 

for you, and 1 believe that we can 
move an average of ISO books in 
each city, depending on how fast 
you sign them, of course. 

“From Fairbanks Your Holi- 
ness will return to New York 
where we have you booked on 
the Phil Donahue show. The 
‘Donahue’ people have a good 
lineup. On the panel with you 
will be a defrocked priest who 
now works in a birth control 


clinic and an atheist who was 
abused when be was a child. 

“Vanity Fair would like to do 
a profile on you, and there is 
still interest at Rolling Stone if 
they can And a rock angle in the 
book. People magazine plans to 
photograph you, but they don't 
want the usual St. Peter's 
Square shots that thepublic has 
seen so man y times. They’d like 
to go into your private apart- 
ments and show now you relax 
when you're not writing encyc- 
licals. We assured People that 
you would have no objections.” 
□ 

“Did we tell you about Kan- 
sas? Senator Bob Dole will give 
you an author's party, and 
you’U meet all the hot shots in 
the state. We think that it's 
worth a stop since the next day 
we’U be sending you to Tulsa, 
Oklahoma, to do the Mary 
Leathcrbee Sunrise Radio call- 
in show. Your Holiness, before 
you say, ‘Who is Mary Leather- 
bee?' — believe me, she can 
make or break your book in 
Oklahoma. 

"Now, wail until you hear 
what we’re doing in Alabama. 
This is going to blow your mind. 
They're going to introduce you 
at half- time at the Alabama- 
Mississippi football game when 
they do card tricks of quotes 
from your book. They haven't 
done anything like this before — 
not even for Billy Graham. 

“Back to New York again for 
an in-depth interview with Ger- 
aldo Rivera, and a book-signing 
on Fifth Avenue at Barnes and 
Noble. We're running a quar- 
ter-page ad for that one, and 
they promise to put your book 
in the window next to a new 
study on Prozac. 

"That seems to be it. Your , 
Holiness. We’re very excited j 
about your tour, and with a 1 
little elbow grease from you 
well make the best-seller list.” 

It was at this moment LhaL 
the Pope decided to cancel his 
trip to the United States. 


War Spoils: Will Russia Return German Books? 


By Michael Specter 

New York Tima Soviet 

M OSCOW — Fifty years after 
Russia and Germany savaged 
each other’s cultural heritage in 
World War II. Russia has yet to re- 
turn most of the millions of books 
that it stole from Germany at the end 
of World War II. 

Germany destroyed nearly 200 
million Russian books in the war, 
but it long ago returned most of the 
books it had left and has sent mil- 
lions of dollars to Russia in partial 
compensation. 

For Russia, however, the legacy 
of the war lives on 
in the 10 milli on . 

German books it TU« : asn<k i 
refuses to send in CISSUei 

back. With the So- political sil 
viet empire in tat- f y 

ters, Russian troops “T fiejond 
finally off German * 1 .* in 
soil and the Rus- me 1X011 

sian economy in- _ 

cre&singly depen- 
dent on German aid and 
investment, the question of return- 
ing the stolen books has taken on 
political significance far beyond 
their considerable worth. 


The issue has gained 
political significance 
far beyond the value of 
the 10 millioxi books. 


their considerable worth. 

"This is Germany's culture, not books for new 5oes more Ukdy to 
ours,” said Yevgeni K uzmin , direc- generation of from Germanv ^ stored - m 

tor of the department of libraries for KUSSlim reaaere. libraries throughout the countrv. 

the Russian Ministry of Culture. President Boris Yeltsin, like his Even Russian librarians eager to re- 
“They have an absolute right to predecessor, Mikhail Gorbachev, turn the books say thev do not have 
their own books. World War II end- says that what belongs to Germany the time, money, or 'personnel to 
ed 50 years ago, and the Cold War ought to be returned. In 1991, Russia nfl e through stacks looking for the 
ended almost 10 years ago. We have and Germany signed a treaty that tens 0 f thousands of books that have 
to decide: Are we going to spend the said in part: “Concern about the cul- been stolen. And they note that 
rest of time remembering that once tural values of the other side and Russian intellectuals were deeply 
the Germans were our enemies, or their preservation is a natural reflec- devoted to foreign literature before 
are we ready to start thinking about tion of the new reciprocal relation- (he revolution and not every impor- 
what we can accomplish as ship between Germany and Russia." (ant German book in the country 
friends?” But three years after a joint commis- was stolen. 

For some Russians, it is still a restitution was established, "We are not even concerned with 

difficult question. Many jingoisi pol- ?°body has figured out a way to do books from the ISth or 19th centu- 
iticians insist thai after 50 years and ll * ties.” said Klaus Dieter Leman, gen- 

millions of lost lives, the books be- “The return of cultural treasures eral director of the German National 
long in Russia. They and some schol- that came to the Soviet Union after Library in Frankfurt. “What we want 
ars point out that the French never World War II should be based solely are the main collections of libraries 
returned Italian masterpieces pil- on Russian and international law, from the early 16th and 17th centu- 
fered during the time of Napoleon. Sergei Filatov, Yeltsin's chief of staff ries. This is the central heritage of 
[Nor has the state Hermitage Muse- has told the newspaper Rossiskiye our country and it is sitting in Russia. 
luh in St. Petersburg returned more VestL “We cannot just keep every- I understand the political nature of 


World War H.) These nationalists 
don't see why they should return the 
rare spoils of a war that did so much 
damage to Russia. 

“You have to remember Russia 
won this war,** said Viktor Niziano, 
director of the Center of Contempo- 
rary Arts, in Moscow. “We were the 
victors. Let us also remember that we 
did not start this war. Germany did. 
Of course, all the works should be 
open and available to scholars. But if 
tne Russian Parliament were to de- 
cide that it was not in the interest of 
this nation to return these books, I 
could hardly condemn that deci- 
sion." 

' Librarians like 

« gained "S.t 

nificance gurng that returning 

» , , the books is the only 

ttC value 01 acceptable moral 

on books, . . . 

Increasingly, they 

portray this battle 

as one not between 
two former wartime enemies but be- 
tween factions in Russia; nationalis- 
tic politicians who see keeping the 
books as an easy rallying point and 
librarians willing to trade the old 


there was little political momentum 
toward finding a quick solution to 
the problem, although Germany has 
offered to replace the books with tens 
of thousands of new publications 
that Russian librarians say would be 
far more useful to the average reader. 
Parliamentary action will be required 
to resolve the dispute. 

The technical and legal obstacles 
to the return are daunting. Immedi- 
ately after World War IL the Red 
Army dragged milli ons of books, 
including entire libraries from many 
German cities, to Russia. More than 
half of them. 5 million according to 
current estimates, ended up either in 
Moscow or in St Petersburg, where 
many remain today. It is not always 
clear who owned the books in the 
first place and therefore to whom 
they should be returned. 

Millions of the books were sent to 
Soviet libraries across the country. 
The Lenin Library in Moscow re- 
ceived 760,000 books (of which more 
than 600,000 remain) and Moscow 
State University also received an 
enormous quantity. 

Some of the books, a Gutenberg 
Bible and several medieval manu- 
scripts, for example, are of great 
value. But outstanding collections 


their own books. World War II end- 
ed 50 years ago, and the Cold War 
ended almost 10 years ago. We have 
to decide: Are we going to spend the 
rest of time remembering that once 
the Germans were our enemies, or 
are we ready to start thinking about 
what we can accomplish as 
friends?" 


For some Russians, it is still a 
difficult question. Many jingoist pol- 
iticians insist thai after 50 years and 
millions of lost lives, the books be- 
long in Russia. They and some schol- 
ars point out that the French never 
returned Italian masterpieces pil- 
fered during the time of Napolfcon. 
(Nor has the state Hermitage Muse- 
um in St. Petersburg returned more 
than 70 French Impressionist and 
Post-Impressionist paintings taken 
from private German collections in 


thing in compensation for the appall- 
ing human losses.” 

Filatov conceded, however, that 


the time, money, or personnel to 
rifle through stacks looking for the 
tens of thousands of books that have 
been stolen. And they note that 
Russian intellectuals were deeply 
devoted to foreign literature before 
the revolution and not every impor- 
tant German book in the country' 
was stolen. 

"We are not even concerned with 
books from the ISth or 19th centu- 
ries.” said Klaus Dieter Leman, gen- 
eral director of the German National 
Library in Frankfurt. “What we want 
are the main collections of libraries 
from the early 16th and 17th centu- 
ries. This is the central heritage of 
our country and it is sitting in Russia. 
I understand the political nature of 
the problem. And I know it will take 
some time to sort ouL But I don’t 
think there can be any question that 


Among the books at issue 
is a Gutenberg bible 
similar to tins one. 




. . i-.v -cV 










' ■»' ■ ■*: 


those books are the books of our 
nation. They aren't even used in Rus- 

SUL 

Preying on the acute financial cri- 
sis facing most Russian libraries, 
many rare-book dealers from Ger- 
many and other countries have sim- 
ply descended on libraries offering 
huge sums for large collections. 

"You have to understand the pres- 
sures.” said one American librarian 
famili ar with the issue. "You run a 
provincial library and you haven’t 
been able to buy 10 new books in the 
last two years. People are dying to 
use the libraries and your books are 
falling apart. Suddenly somebody 
comes in and offers you SI, 000 or 
more for 50 books that nobody in 




your town can even read. What do 
you do?” 

Kuzmin, loo, said he had heard 
reports of book dealers buying en- 
tire collections from libraries but 
said it was illegal and that anyone 
caught would be vigorously prose- 
cuted. 

"We have a population desperate 
for good books,” Kuzmin said. 
"And the Germans are eager to help 
us buy them. We are literally pre- 
venting our youngsters from getting 
their hands on literature, especially 
foreign literature. To me that is far 
more painful than the thought of 
returning admittedly beautiful trea- 
sures that were never ours to begin 
with." 


WEATHER 


PEOPLE 


Europe 



Today 


Tomorrow 




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Forecast for Friday through Sunday, as provided by Accu- Weather. 



I Unieasenabiy 
CM 


I lintturautty 
Hoi 


North America 

Dry. mild weather is likely 
from Pittsburgh through New 
Yorti and Boston Friday mo 
Saturday. Sunday will turn 
cooler with a few showers. 
Locally heavy rains are likely 
across the mid-Mississippi 
Valley. Heavy snow wiB shift 
from the central Rockies to 
western Nebraska Friday 


Europe 

Heavy rains, gusty winds 
and a lew thunderstorms will 
be scattered across Spam. 
Portugal and southwest 
France Friday. Paris lo 
Geneva wil be wktdy with a 
tew showers Friday. A soak- 
ing rain is possible over the 
weekend. Athens will be 
sunny this weekend while 
Beirut has showers Friday 


Asia 

Dry, pleasant weather 
across Japan Friday and 
Saturday will be followed by 
showers and cooler weather 
Sunday Bangkok through 
Mania win have mainly rain- 
free. warm weather the next 
few days. Shanghai and 
Hong Kong will be sunny 
and pleasantly warm Friday 
into the weekend. 


Middle East 


Today Tomorrow 

High Lew W High Low W 

OF OF OF OF 

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26T3 17<&2 pc 25.77 18*1 *1 

21.70 U/55 pc 23.73 11-52 4 

30.-68 1-1*7 pc 21/70 14,57 3 

23/64 17*2 s 23*4 12/63 s 

3J.B9 19*6 3 31*8 204M 3 


Latin America 

Today Tomorrow 

Kj0h Low W Mgh Low W 
OF OF OF OF 

Bueno Am*, J8/B2 17/62 pc 25/77 15.59 pc 
corneas 29*4 20, W pc 29*4 21.70 pc 

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Today 




HW 

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Bangkok 

29*4 

23/73 

PC 

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27*0 

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Legend: t wraiy pc-panty dourly, c -cloudy xh-showers. l-ttiwidarslorms. r-rain. si-snow Himes, 
sn-onow. Hce. W-Westher M maps. Forec as ts and data provided by Accu-we«fiar. Inc. &■ 1994 


□MRU 17*2 3/48 pc 16*1 5/41 c 

HonoMu 28*2 22/71 pc 29 *4 23/73 pc 

Houston 29*4 21/70 pc 27*0 12*3 c 

UttAngMt 20 SB 12*3 pc 22/71 10150 3 

ManS 29 *4 23/73 pc ZB«2 22/71 pc 

Mmm m xm 6/43 0/32 c 4*9 -2/29 c 

Montreal 13/55 2*5 pc 13*5 6/4J c 

Nassau 31*8 22/71 1 32*S 23/73 pc 

New York 18*6 10/50 « 20*8 10/50 pc 

Phoenix 19*6 9/48 pc 22/71 9/48 s 

San Fran 17*2 7/44 s ia*l 8'48 pc 

SOBtSo 9/48 4/39 PC 11*2 e/43 Sh 

Tonne 10*1 307 pc 15*9 6/43 C 

Wastmglon 21/70 8 1 22/71 TO/SO pc 


H IS Highness in the ’Hood: 

Prince Charles has come 
to south-central Los Angeles, 
making teenage girls scream as 
if he were a rock star. "He 
touched my hand, he touched 
my hand!" shrieked one young 
wo man. “He touched my hair!” 

Traveling in a motorcade of 
Jaguars, Charles's first stop 
was an inner-city school, where 
he dedicated a learning center. 

On a long day that ended with 
the Hollywood premiere of 
"Mary Shelley’s Franken- 
stein.” public sentiment for the 
scandal-plagued prince ran 
high on the adoration side. 
Meanwhile, back in London. _ 
Zoe SaDis responded to a refer- 
ence to her in the just published Prince < 
biography of Charles. “We had 
a great, deep friendship, nothing more,” 
Today newspaper quoted her as saying. 

□ 

A federal judge in Los Angeles stopped 
the auction of six diaries written by Barbra 
Streisand in the 1960s. Streisand’s lawyer 
would not say who owned the diaries last, 
but her spokesman. Martin Eriidanan. 



Prince Charles with Jack Nicholson at the movie premiere. 


predicted the papers "would never be on 
the street again.” 


Sid Vicious, the icon of Britain's punk 
era, who died of a heroin overdose at age 
21 , never played a note for the Sex Pistols 
because he was such a bad guitarist the 


group's manager, Malcolm 
McLaren, says. At Sex Pistols 
concerts in the 1970s, Vicious 
would perform with the ampli- 
fier turned off, although no one 
dared tell him because of his 
reputation for violence. 
McLaren said. "Sid was a ten* 
ble musician, but he was a great 
anger.” he said. Vicious was 
found dead in a New York 
apartment in 1979. 

□ 

A juiy in San Franciseu 
cleared die New Yorker writer 
Janet Malcolm of libel charges 
on Wednesday, rejecting claims 
by a psychoanalyst who ac- 
Rnrtm cused her of making up quotes 
nfiijara attributed to him. The jurv 
found that two of the five 
quotes challenged by Jeffrey 
Masson were false but that Masson had 
failed to prove that Malcolm deliberately 
falsified the statements. A jury dead- 
locked last year in the first trial of the 
decade-old case. Malcolm's unflattering 
1982 article focused on Masson's firing as 
projects director of the Sigmund Freud 
Archives. 



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i-rai-s/s-ra 

GABON* . 

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